1 week Ago By Defense World Staff
Prudential Financial Inc. reduced its stake in shares of Hexcel Co. (NYSE:HXL – Free Report) by 92.
3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,198 shares of the aerospace company’s stock after selling 74,584 shares during the quarter. Prudential Financial Inc.
’s holdings in Hexcel were worth $389,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Hexcel by 32.
1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after purchasing an additional 17,011 shares in the last quarter. FMR LLC grew its stake in Hexcel by 11.
7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after buying an additional 8,135 shares during the last quarter. Charles Schwab Investment Management Inc.
increased its position in Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after buying an additional 24,133 shares during the period. Kopion Asset Management LLC lifted its stake in Hexcel by 11.2% in the fourth quarter.
Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after buying an additional 9,861 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Hexcel in the fourth quarter valued at approximately $242,000. 95.
47% of the stock is owned by hedge funds and other institutional investors. Hexcel Stock PerformanceShares of HXL opened at $53.31 on Thursday.
The company has a market capitalization of $4.29 billion, a PE ratio of 33.53, a P/E/G ratio of 1.
72 and a beta of 1.08. Hexcel Co.
has a 52-week low of $45.28 and a 52-week high of $73.58.
The company has a 50-day simple moving average of $59.06 and a 200-day simple moving average of $61.50.
The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.
46. Hexcel (NYSE:HXL – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.
52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.
94% and a return on equity of 10.66%. Equities research analysts predict that Hexcel Co.
will post 2.14 earnings per share for the current fiscal year. Hexcel Increases DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, February 14th.
Stockholders of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date was Friday, February 7th.
This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.
68 annualized dividend and a dividend yield of 1.28%. Hexcel’s dividend payout ratio is currently 42.
77%. Wall Street Analysts Forecast GrowthA number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of Hexcel from $75.
00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada upped their target price on shares of Hexcel from $74.
00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.
com raised Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Truist Financial reduced their price objective on Hexcel from $85.00 to $80.
00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Wells Fargo & Company lowered their target price on Hexcel from $87.00 to $63.
00 and set an “overweight” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, Hexcel currently has an average rating of “Hold” and a consensus price target of $70.25.Check Out Our Latest Analysis on HXLHexcel Company 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.
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