Vanguard Group Inc. trimmed its position in shares of Hexcel Corporation (NYSE:HXL – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,298,981 shares of the aerospace company’s stock after selling 89,002 shares during the period. Vanguard Group Inc. owned 0.09% of Hexcel worth $539,395,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in Hexcel during the fourth quarter worth $1,621,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Hexcel by 7.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,608 shares of the aerospace company’s stock worth $3,814,000 after buying an additional 3,660 shares during the last quarter. Krilogy Financial LLC increased its holdings in Hexcel by 13.7% during the fourth quarter. Krilogy Financial LLC now owns 5,991 shares of the aerospace company’s stock worth $491,000 after buying an additional 724 shares during the last quarter. CWM LLC increased its holdings in Hexcel by 7.2% during the fourth quarter. CWM LLC now owns 5,190 shares of the aerospace company’s stock worth $384,000 after buying an additional 350 shares during the last quarter. Finally, KBC Group NV increased its holdings in Hexcel by 18.1% during the fourth quarter. KBC Group NV now owns 2,827 shares of the aerospace company’s stock worth $209,000 after buying an additional 433 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Hexcel Price Performance
NYSE:HXL opened at $90.64 on Tuesday. Hexcel Corporation has a one year low of $49.15 and a one year high of $98.26. The company has a market cap of $6.84 billion, a P/E ratio of 59.63, a P/E/G ratio of 1.40 and a beta of 1.11. The firm’s fifty day moving average price is $85.61 and its two-hundred day moving average price is $79.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 1.37.
Hexcel Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be paid a $0.18 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Hexcel’s dividend payout ratio is 47.37%.
Insider Activity at Hexcel
In related news, insider Amy S. Evans sold 1,500 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $92.80, for a total value of $139,200.00. Following the transaction, the insider directly owned 1,979 shares in the company, valued at approximately $183,651.20. This represents a 43.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.84% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 target price on shares of Hexcel in a report on Friday, April 24th. KeyCorp began coverage on shares of Hexcel in a report on Wednesday, March 25th. They issued a “sector weight” rating on the stock. The Goldman Sachs Group upped their price objective on shares of Hexcel from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Morgan Stanley upgraded shares of Hexcel from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $67.00 to $90.00 in a report on Friday, January 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $95.00 price objective on shares of Hexcel in a report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hexcel currently has an average rating of “Hold” and a consensus target price of $91.00.
Check Out Our Latest Report on HXL
Hexcel 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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