DekaBank Deutsche Girozentrale trimmed its position in shares of Hexcel Co. (NYSE:HXL) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,076 shares of the aerospace company’s stock after selling 7,585 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hexcel were worth $1,106,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of HXL. HM Capital Management LLC grew its position in Hexcel by 1.1% during the third quarter. HM Capital Management LLC now owns 14,555 shares of the aerospace company’s stock worth $1,195,000 after buying an additional 160 shares during the period. Global Retirement Partners LLC grew its position in Hexcel by 61.3% during the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the aerospace company’s stock worth $35,000 after buying an additional 179 shares during the period. NEXT Financial Group Inc grew its position 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. Virginia Retirement Systems ET AL grew its position in Hexcel by 1.1% during the third quarter. Virginia Retirement Systems ET AL now owns 27,400 shares of the aerospace company’s stock worth $2,250,000 after buying an additional 300 shares during the period. Finally, Integrated Investment Consultants LLC grew its position in Hexcel by 6.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 5,822 shares of the aerospace company’s stock worth $427,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.
HXL has been the topic of several recent analyst reports. Loop Capital lowered their target price on shares of Hexcel to and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. UBS Group upped their target price on shares of Hexcel from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Cowen restated a “buy” rating and set a $87.00 target price on shares of Hexcel in a research report on Tuesday, February 4th. ValuEngine upgraded shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets upped their target price on shares of Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Hexcel currently has a consensus rating of “Hold” and an average price target of $80.77.
Shares of NYSE HXL opened at $74.12 on Friday. Hexcel Co. has a 12-month low of $65.61 and a 12-month high of $87.00. The company has a market capitalization of $6.34 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.22 and a quick ratio of 1.21. The firm’s 50-day moving average is $74.86 and its two-hundred day moving average is $78.07.
Hexcel (NYSE:HXL) last announced its quarterly earnings results on Monday, February 3rd. The aerospace company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. Hexcel had a net margin of 13.02% and a return on equity of 21.52%. The company had revenue of $564.30 million for the quarter, compared to the consensus estimate of $591.17 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts forecast that Hexcel Co. will post 3.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 13th. Hexcel’s dividend payout ratio (DPR) is presently 19.21%.
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.
Further Reading: The limitations of an equal weight rating
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