GAMMA Investing LLC lifted its stake in Hexcel Co. (NYSE:HXL - Free Report) by 10,592.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,277 shares of the aerospace company's stock after acquiring an additional 125,096 shares during the period. GAMMA Investing LLC owned 0.16% of Hexcel worth $69,150,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Centre Asset Management LLC lifted its stake in shares of Hexcel by 13.1% in the 1st quarter. Centre Asset Management LLC now owns 141,614 shares of the aerospace company's stock worth $7,755,000 after acquiring an additional 16,351 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hexcel by 698.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock worth $129,000 after purchasing an additional 2,061 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Hexcel in the 4th quarter worth approximately $437,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Hexcel by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company's stock worth $15,029,000 after purchasing an additional 24,057 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in shares of Hexcel by 0.5% in the 4th quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company's stock worth $32,185,000 after purchasing an additional 2,306 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.
Hexcel Stock Up 0.5%
HXL stock traded up $0.26 during trading hours on Wednesday, hitting $55.92. The company's stock had a trading volume of 1,289,679 shares, compared to its average volume of 985,287. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $51.81 and a two-hundred day moving average price of $58.96. The company has a market capitalization of $4.50 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $71.05.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.
Hexcel Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on HXL shares. TD Cowen upgraded shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Royal Bank of Canada dropped their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Truist Financial dropped their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays dropped their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, BMO Capital Markets dropped their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.20.
Read Our Latest Analysis on Hexcel
About Hexcel
(
Free Report)
Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.
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