Hsbc Holdings PLC raised its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 995.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,867 shares of the aerospace company's stock after purchasing an additional 37,138 shares during the period. Hsbc Holdings PLC owned 0.05% of Hexcel worth $2,567,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Hexcel by 315.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,363 shares of the aerospace company's stock worth $462,000 after buying an additional 5,589 shares during the period. Speece Thorson Capital Group Inc. raised its stake in Hexcel by 18.8% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 290,988 shares of the aerospace company's stock valued at $18,245,000 after purchasing an additional 46,115 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Hexcel by 8.1% in the 4th quarter. MetLife Investment Management LLC now owns 45,667 shares of the aerospace company's stock valued at $2,863,000 after purchasing an additional 3,423 shares during the period. 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 worth $90,104,000 after purchasing an additional 24,393 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Hexcel by 1.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 56,890 shares of the aerospace company's stock worth $3,565,000 after purchasing an additional 720 shares during the period. Institutional investors own 95.47% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on HXL shares. TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. UBS Group lowered their price objective on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley reduced their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. Truist Financial lowered their price target 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. Finally, Royal Bank of Canada reduced their price objective on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus price target of $61.20.
Read Our Latest Analysis on Hexcel
Hexcel Price Performance
Hexcel stock traded up $0.68 during trading hours on Tuesday, hitting $50.80. 118,760 shares of the stock were exchanged, compared to its average volume of 953,578. The stock has a market capitalization of $4.09 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.72 and a beta of 1.28. The business's 50-day moving average is $54.05 and its two-hundred day moving average is $60.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58.
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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). The business had revenue of $456.50 million during 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 in the previous year, the firm posted $0.44 EPS. Equities research analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's payout ratio is presently 45.03%.
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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