3 days Ago By ABMN Staff
California Public Employees Retirement System cut its stake in shares of Hexcel Co. ( NYSE:HXL – Free Report ) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 159,049 shares of the aerospace company’s stock after selling 3,235 shares during the period. California Public Employees Retirement System owned about 0.20% of Hexcel worth $9,972,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of HXL. Sei Investments Co. increased 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 acquiring an additional 122,281 shares during the period.
Brandes Investment Partners LP raised its position in Hexcel by 99.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock worth $81,803,000 after purchasing an additional 651,062 shares during the last quarter.
American Century Companies Inc. lifted its holdings in Hexcel by 66.9% during the 4th quarter.
American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock worth $75,123,000 after buying an additional 480,207 shares during the period. Channing Capital Management LLC lifted its holdings in Hexcel by 10.
3% during the 4th quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock worth $70,768,000 after buying an additional 105,510 shares during the period. Finally, Charles Schwab Investment Management Inc.
grew its position in shares of Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after buying an additional 24,133 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In A number of equities analysts recently commented on the company. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.
Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th.
TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Barclays decreased their price objective 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. Finally, Truist Financial dropped their target price on shares of Hexcel from $85.00 to $80.
00 and set a “buy” rating on the stock in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.
25. Hexcel Stock Performance Shares of Hexcel stock opened at $48.27 on Monday.
The business has a 50-day simple moving average of $60.70 and a 200 day simple moving average of $61.91.
Hexcel Co. has a one year low of $46.21 and a one year high of $73.
58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.
21 and a quick ratio of 1.20. The firm has a market capitalization of $3.
88 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.72 and a beta of 1.
08. Hexcel ( NYSE:HXL – Get Free Report ) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.
52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.
66% and a net margin of 6.94%. On average, research analysts anticipate that Hexcel Co.
will post 2.14 earnings per share for the current fiscal year. Hexcel Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th.
Shareholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is an increase from Hexcel’s previous quarterly dividend of $0.
15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.
68 annualized dividend and a yield of 1.41%. Hexcel’s dividend payout ratio is presently 42.
77%. 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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