Jupiter Topco LLC acquired a new position in shares of Hexcel Corporation (NYSE:HXL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,757 shares of the aerospace company’s stock, valued at approximately $3,480,000.
Other large investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Hexcel during the 1st quarter worth approximately $28,000. Group One Trading LLC acquired a new stake in Hexcel in the second quarter valued at approximately $36,000. Prosperity Bancshares Inc acquired a new stake in Hexcel in the fourth quarter valued at approximately $36,000. Cedar Mountain Advisors LLC bought a new stake in shares of Hexcel during the first quarter valued at approximately $37,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Hexcel by 181.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 326 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Hexcel Stock Performance
NYSE HXL opened at $92.08 on Wednesday. The company has a fifty day moving average price of $100.71 and a 200-day moving average price of $92.72. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 46.27, a PEG ratio of 1.32 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. Hexcel Corporation has a 1 year low of $60.26 and a 1 year high of $111.74.
Hexcel Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Hexcel’s dividend payout ratio (DPR) is currently 36.18%.
Insider Buying and Selling at Hexcel
In other news, insider Gina Fitzsimons sold 9,675 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $103.14, for a total value of $997,879.50. Following the transaction, the insider owned 7,712 shares in the company, valued at $795,415.68. The trade was a 55.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.84% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $100.00 price objective on shares of Hexcel in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Hexcel from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $95.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada upped their target price on shares of Hexcel from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus target price of $107.18.
Read Our Latest Stock Report on HXL
Hexcel Company Profile
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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