Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Hexcel Corporation (NYSE:HXL – Free Report) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,075 shares of the aerospace company’s stock after purchasing an additional 9,031 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Hexcel were worth $6,771,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Hexcel by 14.5% in the third quarter. Allworth Financial LP now owns 1,135 shares of the aerospace company’s stock valued at $71,000 after purchasing an additional 144 shares during the period. Sequoia Financial Advisors LLC grew its stake in Hexcel by 4.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,879 shares of the aerospace company’s stock valued at $243,000 after buying an additional 154 shares during the last quarter. Huntington National Bank grew its stake in Hexcel by 22.8% in the 3rd quarter. Huntington National Bank now owns 867 shares of the aerospace company’s stock valued at $54,000 after buying an additional 161 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Hexcel by 21.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company’s stock valued at $52,000 after acquiring an additional 165 shares during the period. Finally, Danske Bank A S raised its holdings in Hexcel by 13.3% in the 4th quarter. Danske Bank A S now owns 1,700 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 200 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Hexcel Stock Up 0.0%
Shares of HXL opened at $95.32 on Monday. Hexcel Corporation has a 12 month low of $50.54 and a 12 month high of $98.26. The firm’s 50 day moving average is $85.84 and its 200-day moving average is $80.36. The stock has a market capitalization of $7.19 billion, a PE ratio of 62.71, a P/E/G ratio of 1.45 and a beta of 1.11. The company has a current ratio of 2.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.79.
Hexcel Announces Dividend
The company also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, May 4th. Hexcel’s dividend payout ratio (DPR) is 47.37%.
Insider Buying and Selling
In other Hexcel news, insider Amy S. Evans sold 1,500 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $92.80, for a total transaction of $139,200.00. Following the completion of the sale, the insider directly owned 1,979 shares in the company, valued at $183,651.20. This represents a 43.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.84% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on HXL. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price objective on shares of Hexcel in a report on Friday, April 24th. Truist Financial set a $94.00 price target on Hexcel in a report on Friday, January 30th. Jefferies Financial Group restated a “hold” rating and issued a $95.00 price target on shares of Hexcel in a research note on Sunday, April 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Hexcel in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $91.00.
Get Our Latest Stock Analysis 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.
Featured Articles
- Five stocks we like better than Hexcel
- Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum
- Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major Players
- Flutter Sees Post-Earnings Boost as FanDuel Shows Signs of Recovery
- 3 Healthcare Stocks Set to Benefit From the One Big Beautiful Bill
Want to see what other hedge funds are holding HXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hexcel Corporation (NYSE:HXL – Free Report).
Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.
