GAMMA Investing LLC grew its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 10,592.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,277 shares of the aerospace company's stock after buying an additional 125,096 shares during the period. GAMMA Investing LLC owned approximately 0.16% of Hexcel worth $69,150,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Earnest Partners LLC lifted its holdings in shares of Hexcel by 0.8% in the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after purchasing an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Hexcel by 4,372.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock valued at $156,919,000 after purchasing an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA grew its position in Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock valued at $125,172,000 after purchasing an additional 395,744 shares during the period. Sei Investments Co. grew its position in Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock valued at $92,938,000 after purchasing an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock valued at $90,104,000 after purchasing an additional 24,393 shares during the period. 95.47% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently issued reports on HXL. Wells Fargo & Company reduced their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Barclays reduced their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. BMO Capital Markets reduced their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley reduced their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. Finally, UBS Group reduced their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.20.
Check Out Our Latest Analysis on Hexcel
Hexcel Stock Up 1.0%
NYSE:HXL traded up $0.53 during trading hours on Friday, hitting $56.38. 1,181,783 shares of the company traded hands, compared to its average volume of 989,335. 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 firm's 50-day simple moving average is $51.86 and its 200-day simple moving average is $58.90. Hexcel Co. has a one year low of $45.28 and a one year high of $71.05. The company has a market cap of $4.53 billion, a PE ratio of 35.46, a PEG ratio of 1.72 and a beta of 1.29.
Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter last year, the business posted $0.44 earnings per share. Equities analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.
Hexcel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is 45.03%.
Hexcel Profile
(
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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