Quantbot Technologies LP acquired a new stake in Hexcel Corporation (NYSE:HXL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,511 shares of the aerospace company’s stock, valued at approximately $651,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. purchased a new position in Hexcel in the 1st quarter valued at about $28,000. Prosperity Bancshares Inc purchased a new stake in shares of Hexcel during the fourth quarter worth about $36,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Hexcel during the first quarter worth about $37,000. Transamerica Financial Advisors LLC raised its position in shares of Hexcel by 181.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after buying an additional 326 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Hexcel in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.
Hexcel Price Performance
Hexcel stock opened at $94.56 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 47.52, a PEG ratio of 1.35 and a beta of 1.06. Hexcel Corporation has a 1 year low of $60.26 and a 1 year high of $111.74. The firm has a 50 day moving average price of $100.97 and a 200 day moving average price of $92.59.
Hexcel Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Hexcel’s payout ratio is 36.18%.
Insider Transactions at Hexcel
In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider directly owned 7,712 shares in the company, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.84% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. UBS Group boosted their price target on Hexcel from $113.00 to $126.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wolfe Research lowered Hexcel from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 31st. Bank of America cut Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a report on Monday, August 3rd. Finally, Morgan Stanley lifted their price objective on Hexcel from $97.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hexcel presently has an average rating of “Hold” and a consensus price target of $107.18.
View Our Latest Stock Report on Hexcel
About Hexcel
Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.
Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.
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