Compass Wealth Management LLC bought a new stake in shares of Hexcel Corporation (NYSE:HXL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,521 shares of the aerospace company’s stock, valued at approximately $953,000.
Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Hexcel in the 2nd quarter worth approximately $1,422,742,000. Alliancebernstein L.P. raised its position in shares of Hexcel by 1,918.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company’s stock worth $123,050,000 after acquiring an additional 2,070,366 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Hexcel during the 3rd quarter worth $123,233,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Hexcel by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company’s stock worth $377,196,000 after purchasing an additional 790,320 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Hexcel by 87.5% during the fourth quarter. Jennison Associates LLC now owns 1,335,002 shares of the aerospace company’s stock valued at $98,657,000 after purchasing an additional 623,032 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.
Hexcel Trading Down 1.8%
Shares of NYSE:HXL opened at $101.27 on Wednesday. The business’s 50-day moving average is $101.37 and its 200 day moving average is $92.04. Hexcel Corporation has a 1 year low of $60.05 and a 1 year high of $111.74. The firm has a market capitalization of $7.66 billion, a P/E ratio of 50.89, a P/E/G ratio of 1.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37.
Hexcel Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, August 10th. This represents a $0.72 dividend on an annualized basis and a yield of 0.7%. Hexcel’s dividend payout ratio is presently 36.18%.
Insider Activity
In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the transaction, the insider owned 7,712 shares of the company’s stock, valued at approximately $795,415.68. This trade represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.84% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on HXL shares. The Goldman Sachs Group lifted their target price on Hexcel from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Jefferies Financial Group restated a “hold” rating and issued a $110.00 price target on shares of Hexcel in a report on Sunday, August 2nd. Royal Bank Of Canada lifted their price objective on shares of Hexcel from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. UBS Group boosted their price objective on shares of Hexcel from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wall Street Zen cut shares of Hexcel from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $107.18.
Get Our Latest Stock Analysis on Hexcel
About Hexcel
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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