1 week Ago By ABMN Staff
Pictet Asset Management Holding SA boosted its stake in Hexcel Co. ( NYSE:HXL – Free Report ) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 13,174 shares of the aerospace company’s stock after acquiring an additional 1,607 shares during the period. Pictet Asset Management Holding SA’s holdings in Hexcel were worth $826,000 at the end of the most recent reporting period. A number of other hedge funds have also added to or reduced their stakes in the stock.
Allworth Financial LP lifted its position in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the period.
Arcadia Investment Management Corp MI bought a new position in Hexcel in the fourth quarter worth about $49,000. Manchester Capital Management LLC lifted its holdings in Hexcel by 100.0% in the fourth quarter.
Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Hexcel during the 4th quarter valued at approximately $57,000. Finally, GAMMA Investing LLC grew its holdings in shares of Hexcel by 21.
1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 206 shares during the period. 95.
47% of the stock is owned by hedge funds and other institutional investors. Hexcel Stock Down 0.8 % Hexcel stock opened at $47.
76 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.
20 and a debt-to-equity ratio of 0.46. Hexcel Co.
has a 12 month low of $45.28 and a 12 month high of $73.58.
The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.
72 and a beta of 1.08. The stock has a fifty day simple moving average of $60.
32 and a two-hundred day simple moving average of $61.82. Hexcel Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th.
Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th.
This represents a $0.68 annualized dividend and a dividend yield of 1.42%.
This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is presently 42.
77%. Analyst Upgrades and Downgrades HXL has been the subject of a number of research analyst reports. StockNews.
com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Wells Fargo & Company boosted their target price on shares of Hexcel from $81.00 to $87.
00 and gave the company an “overweight” rating in a report on Friday, January 24th. Truist Financial decreased their price target on shares of Hexcel from $85.00 to $80.
00 and set a “buy” rating for the company in a research note on Friday, March 28th. Royal Bank of Canada boosted their price objective on shares of Hexcel from $74.00 to $82.
00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Barclays decreased their target price on shares of Hexcel from $75.00 to $68.
00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, Hexcel has an average rating of “Hold” and an average price target of $72.25. Read Our Latest Report on HXL Hexcel 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.
It operates through two segments, Composite Materials and Engineered Products. Recommended Stories Want to see what other hedge funds are holding HXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hexcel Co.
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