Hexcel Corporation (HXL) Shares Bought by Sei Investments Co.
Sei Investments Co. boosted its stake in Hexcel Corporation (NYSE:HXL) by 38.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 65,624 shares of the aerospace company’s stock after buying an additional 18,276 shares during the period. Sei Investments Co. owned approximately 0.07% of Hexcel Corporation worth $3,464,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Hexcel Corporation by 12,782.1% in the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock worth $255,874,000 after buying an additional 4,654,206 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Hexcel Corporation during the first quarter worth $41,982,000. Schroder Investment Management Group raised 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 worth $97,546,000 after buying an additional 509,076 shares in the last quarter. Morgan Stanley raised 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 worth $23,219,000 after buying an additional 299,028 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Hexcel Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock worth $382,143,000 after buying an additional 257,243 shares in the last quarter.
Shares of Hexcel Corporation (NYSE HXL) opened at 52.37 on Monday. The company has a 50-day moving average price of $53.15 and a 200 day moving average price of $52.57. Hexcel Corporation has a 12-month low of $41.03 and a 12-month high of $55.91. The firm has a market capitalization of $4.70 billion, a PE ratio of 19.18 and a beta of 1.04.
Hexcel Corporation (NYSE:HXL) last released its quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The business had revenue of $491.30 million during the quarter, compared to analyst estimates of $518.29 million. During the same quarter in the prior year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts expect that Hexcel Corporation will post $2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 3rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.50 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Hexcel Corporation’s previous quarterly dividend of $0.11. Hexcel Corporation’s dividend payout ratio (DPR) is 18.32%.
A number of research firms have weighed in on HXL. Jefferies Group LLC restated a “hold” rating and set a $50.00 target price (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and set a $57.00 price objective on shares of Hexcel Corporation in a report on Monday, July 24th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 price objective on shares of Hexcel Corporation in a report on Monday, July 24th. BidaskClub upgraded Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Vertical Research lowered Hexcel Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $54.00 in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Hexcel Corporation presently has an average rating of “Hold” and a consensus price target of $56.89.
Hexcel Corporation Company Profile
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.
Receive News & Stock Ratings for Hexcel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corporation and related stocks with our FREE daily email newsletter.