Copeland Capital Management LLC cut its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,135,008 shares of the aerospace company's stock after selling 9,959 shares during the period. Hexcel comprises about 1.2% of Copeland Capital Management LLC's holdings, making the stock its 26th biggest holding. Copeland Capital Management LLC owned 1.41% of Hexcel worth $62,153,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealthquest Corp acquired a new stake in Hexcel during the 1st quarter worth $131,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Hexcel by 0.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company's stock worth $2,226,000 after buying an additional 354 shares in the last quarter. Retirement Systems of Alabama boosted its position in Hexcel by 0.3% during the first quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock worth $5,407,000 after acquiring an additional 255 shares during the last quarter. Blue Trust Inc. grew its stake in Hexcel by 23.0% during the 1st quarter. Blue Trust Inc. now owns 6,776 shares of the aerospace company's stock valued at $371,000 after acquiring an additional 1,267 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Hexcel by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company's stock valued at $520,000 after acquiring an additional 260 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HXL has been the subject of several analyst reports. UBS Group dropped their target price on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Barclays lowered their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company dropped their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Truist Financial reduced their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.20.
Get Our Latest Stock Analysis on Hexcel
Hexcel Trading Up 0.2%
HXL stock traded up $0.10 during mid-day trading on Friday, hitting $56.97. 1,607,564 shares of the company were exchanged, compared to its average volume of 997,626. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The firm has a market capitalization of $4.58 billion, a P/E ratio of 37.73, a PEG ratio of 1.86 and a beta of 1.29. The business has a fifty day simple moving average of $53.13 and a 200-day simple moving average of $58.18. The company has a quick ratio of 1.39, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.
Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results 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). Hexcel had a net margin of 6.60% and a return on equity of 10.36%. The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same quarter last year, the business posted $0.44 EPS. On average, equities research analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.
Hexcel Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's payout ratio is 45.03%.
Hexcel Profile
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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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