Motley Fool Wealth Management LLC lowered its stake in Hexcel Corporation (NYSE:HXL – Free Report) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,274 shares of the aerospace company’s stock after selling 15,584 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.12% of Hexcel worth $7,336,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HXL. Alliancebernstein L.P. grew its position in Hexcel by 122.7% in the 3rd quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock valued at $304,091,000 after buying an additional 2,671,682 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Hexcel during the 3rd quarter worth $123,233,000. Jain Global LLC raised its position in Hexcel by 248.3% during the 3rd quarter. Jain Global LLC now owns 961,667 shares of the aerospace company’s stock worth $60,297,000 after buying an additional 685,528 shares during the last quarter. Jennison Associates LLC raised its position in Hexcel by 87.5% during the 4th quarter. Jennison Associates LLC now owns 1,335,002 shares of the aerospace company’s stock worth $98,657,000 after buying an additional 623,032 shares during the last quarter. Finally, UBS Group AG raised its position in Hexcel by 122.3% during the 3rd quarter. UBS Group AG now owns 955,995 shares of the aerospace company’s stock worth $59,941,000 after buying an additional 525,900 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.
Hexcel Stock Up 4.3%
HXL opened at $93.00 on Wednesday. The business’s fifty day moving average is $87.84 and its two-hundred day moving average is $83.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.37 and a current ratio of 2.45. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 1.35 and a beta of 1.08. Hexcel Corporation has a one year low of $53.87 and a one year high of $98.26.
Hexcel Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, May 4th. Hexcel’s payout ratio is presently 47.37%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price objective on shares of Hexcel in a research report on Friday, April 24th. Bank of America upgraded shares of Hexcel from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $60.00 to $95.00 in a research report on Thursday, February 12th. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Hexcel in a research report on Friday, April 24th. Wells Fargo & Company assumed coverage on shares of Hexcel in a research report on Wednesday, April 1st. They set an “overweight” rating and a $95.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.00.
Read Our Latest Stock Report on Hexcel
Hexcel 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.
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