1 day Ago By ABMN Staff
Wells Fargo & Company MN increased its stake in Hexcel Co. ( NYSE:HXL – Free Report ) by 8.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 287,002 shares of the aerospace company’s stock after buying an additional 22,528 shares during the period. Wells Fargo & Company MN’s holdings in Hexcel were worth $17,995,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock.
Norges Bank purchased a new stake in shares of Hexcel in the fourth quarter worth $60,241,000. Brandes Investment Partners LP boosted its stake in Hexcel by 99.6% in 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 in the last quarter. Thrivent Financial for Lutherans increased its stake in Hexcel by 249.6% during the 4th quarter.
Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock valued at $51,142,000 after purchasing an additional 582,353 shares in the last quarter. DAVENPORT & Co LLC increased its stake in Hexcel by 1,153.9% during the 4th quarter.
DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock valued at $33,546,000 after purchasing an additional 493,218 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Hexcel by 66.
9% in the fourth 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 in the last quarter.
Institutional investors own 95.47% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on HXL shares.
TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Barclays lowered their price target on Hexcel from $75.00 to $68.
00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Friday.
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 research note on Friday, January 24th.
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.
One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.73.
Hexcel Trading Up 1.6 % NYSE:HXL opened at $51.91 on Monday.
The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.
72 and a beta of 1.08. 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 business has a fifty day moving average price of $58.55 and a 200-day moving average price of $61.36.
Hexcel Co. has a one year low of $45.28 and a one year high of $73.
58. Hexcel ( NYSE:HXL – Get Free Report ) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.
52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.
66% and a net margin of 6.94%. Sell-side analysts forecast that Hexcel Co.
will post 2.14 EPS for the current year. Hexcel Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 14th.
Shareholders of record on Friday, February 7th were given a $0.17 dividend. This is a positive change from Hexcel’s previous quarterly dividend of $0.
15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.
31%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio is presently 42.
77%. Hexcel 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. It operates through two segments, Composite Materials and Engineered Products.
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