Kestra Advisory Services LLC grew its stake in shares of Hexcel Co. (NYSE:HXL – Get Rating) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,390 shares of the aerospace company’s stock after purchasing an additional 979 shares during the quarter. Kestra Advisory Services LLC’s holdings in Hexcel were worth $611,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in HXL. Alliancebernstein L.P. increased its position in shares of Hexcel by 58.1% during the 3rd quarter. Alliancebernstein L.P. now owns 6,160,587 shares of the aerospace company’s stock worth $318,626,000 after purchasing an additional 2,263,252 shares during the last quarter. Channing Capital Management LLC increased its holdings in shares of Hexcel by 23,692.4% during the 3rd quarter. Channing Capital Management LLC now owns 1,053,288 shares of the aerospace company’s stock worth $54,476,000 after acquiring an additional 1,048,861 shares during the last quarter. Boston Partners increased its holdings in shares of Hexcel by 15.1% during the 3rd quarter. Boston Partners now owns 3,799,982 shares of the aerospace company’s stock worth $196,571,000 after acquiring an additional 498,461 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Hexcel by 6.0% during the 1st quarter. BlackRock Inc. now owns 8,420,295 shares of the aerospace company’s stock worth $500,755,000 after acquiring an additional 475,375 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Hexcel by 11.2% during the 1st quarter. State Street Corp now owns 3,409,631 shares of the aerospace company’s stock worth $202,771,000 after acquiring an additional 344,711 shares during the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Bank of America lowered Hexcel from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.00 to $70.00 in a report on Friday, February 3rd. Jefferies Financial Group boosted their target price on Hexcel from $60.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, January 30th. Royal Bank of Canada boosted their target price on Hexcel from $65.00 to $70.00 in a report on Wednesday. Truist Financial boosted their target price on Hexcel from $59.00 to $68.00 in a report on Wednesday. Finally, StockNews.com began coverage on Hexcel in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Hexcel currently has an average rating of “Hold” and a consensus price target of $68.75.
Hexcel Stock Performance
NYSE:HXL opened at $71.11 on Thursday. The stock has a fifty day moving average price of $69.41 and a 200-day moving average price of $63.50. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 48.05 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 2.23. Hexcel Co. has a fifty-two week low of $47.38 and a fifty-two week high of $74.99.
Hexcel (NYSE:HXL – Get Rating) last released its earnings results on Tuesday, April 25th. The aerospace company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.12. The firm had revenue of $457.70 million during the quarter, compared to the consensus estimate of $431.53 million. Hexcel had a return on equity of 8.91% and a net margin of 9.19%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities analysts anticipate that Hexcel Co. will post 1.8 EPS for the current fiscal year.
Hexcel Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, May 5th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.70%. Hexcel’s payout ratio is 33.78%.
Insider Activity
In other news, insider Thierry Merlot sold 565 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $70.91, for a total transaction of $40,064.15. Following the completion of the sale, the insider now directly owns 38,010 shares in the company, valued at approximately $2,695,289.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Thierry Merlot sold 565 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $70.91, for a total value of $40,064.15. Following the sale, the insider now directly owns 38,010 shares in the company, valued at approximately $2,695,289.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Marilyn Minus sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $71.31, for a total transaction of $49,917.00. Following the transaction, the director now owns 3,672 shares of the company’s stock, valued at $261,850.32. The disclosure for this sale can be found here. In the last three months, insiders sold 9,722 shares of company stock worth $676,077. 1.39% of the stock is currently owned by company insiders.
Hexcel Company Profile
Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It operates through the Composite Materials and Engineered Products segments. The Composite Materials segment includes carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles.
See Also
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