Cullen Frost Bankers Inc. reduced its position in shares of Hexcel Co. (NYSE:HXL) by 44.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 487 shares of the aerospace company’s stock after selling 397 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Hexcel were worth $40,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in HXL. Johnson Financial Group Inc. purchased a new position in Hexcel during the second quarter worth about $34,000. Steward Partners Investment Advisory LLC purchased a new position in Hexcel during the second quarter worth about $54,000. Delta Asset Management LLC TN purchased a new position in Hexcel during the third quarter worth about $57,000. Machina Capital S.A.S. boosted its stake in Hexcel by 22.4% during the second quarter. Machina Capital S.A.S. now owns 743 shares of the aerospace company’s stock worth $60,000 after buying an additional 136 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in Hexcel by 46.4% during the third quarter. NEXT Financial Group Inc now owns 751 shares of the aerospace company’s stock worth $62,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 95.22% of the company’s stock.
HXL has been the subject of several research analyst reports. Wells Fargo & Co initiated coverage on shares of Hexcel in a research note on Tuesday, October 15th. They set a “market perform” rating and a $85.00 target price for the company. Canaccord Genuity increased their target price on shares of Hexcel from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets increased their target price on shares of Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Cowen set a $87.00 target price on shares of Hexcel and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, KeyCorp increased their target price on shares of Hexcel from $86.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $82.21.
NYSE HXL opened at $77.45 on Monday. The firm has a 50 day simple moving average of $77.43 and a 200-day simple moving average of $77.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 2.22. Hexcel Co. has a one year low of $53.50 and a one year high of $87.00. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.29 and a beta of 1.00.
Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Hexcel had a net margin of 12.73% and a return on equity of 21.74%. The business had revenue of $572.50 million during the quarter, compared to analyst estimates of $598.88 million. During the same quarter last year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that Hexcel Co. will post 3.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, October 31st. Hexcel’s payout ratio is 22.30%.
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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