Credit Suisse AG Has $14.51 Million Position in Hexcel Corporation (NYSE:HXL)
Credit Suisse AG boosted its position in shares of Hexcel Corporation (NYSE:HXL) by 8.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 265,947 shares of the aerospace company’s stock after buying an additional 21,179 shares during the period. Credit Suisse AG owned about 0.29% of Hexcel Corporation worth $14,507,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HXL. RMB Capital Management LLC boosted its stake in shares of Hexcel Corporation by 17.8% in the first quarter. RMB Capital Management LLC now owns 26,500 shares of the aerospace company’s stock worth $1,446,000 after buying an additional 4,000 shares in the last quarter. Schroder Investment Management Group boosted its stake in Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock valued at $97,546,000 after buying an additional 509,076 shares during the period. Virginia Retirement Systems ET AL bought a new stake in Hexcel Corporation during the first quarter valued at approximately $660,000. Morgan Stanley boosted its stake in Hexcel Corporation by 236.2% in the first quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock valued at $23,219,000 after buying an additional 299,028 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Hexcel Corporation by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 733,523 shares of the aerospace company’s stock valued at $37,734,000 after buying an additional 63,772 shares during the period.
Hexcel Corporation (NYSE:HXL) traded up 0.90% during trading on Friday, hitting $52.75. The stock had a trading volume of 337,909 shares. The firm’s 50 day moving average is $52.79 and its 200 day moving average is $52.41. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 19.32 and a beta of 1.04. Hexcel Corporation has a 1-year low of $41.03 and a 1-year high of $55.91.
Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The company had revenue of $491.30 million during the quarter, compared to the consensus estimate of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. Hexcel Corporation’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. On average, analysts anticipate that Hexcel Corporation will post $2.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd will be issued a $0.125 dividend. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. Hexcel Corporation’s dividend payout ratio (DPR) is presently 18.32%.
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HXL has been the subject of several analyst reports. Cowen and Company restated a “buy” rating and set a $57.00 price target on shares of Hexcel Corporation in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Hexcel Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, June 26th. Aegis reiterated a “buy” rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. Vertical Research cut Hexcel Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $58.00 to $54.00 in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $50.00 target price (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $56.89.
About Hexcel Corporation
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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