Cwm LLC increased its position in Hexcel Co. (NYSE:HXL) by 139.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 520 shares of the aerospace company’s stock after purchasing an additional 303 shares during the period. Cwm LLC’s holdings in Hexcel were worth $30,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of HXL. Bank of New York Mellon Corp raised its stake in shares of Hexcel by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 739,407 shares of the aerospace company’s stock worth $49,082,000 after buying an additional 43,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hexcel by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,565 shares of the aerospace company’s stock worth $2,988,000 after buying an additional 883 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Hexcel by 14.4% during the 3rd quarter. Blair William & Co. IL now owns 16,492 shares of the aerospace company’s stock worth $1,106,000 after buying an additional 2,075 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Hexcel by 72.0% during the 3rd quarter. FDx Advisors Inc. now owns 6,656 shares of the aerospace company’s stock worth $446,000 after buying an additional 2,786 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in shares of Hexcel by 39.3% during the 4th quarter. First Hawaiian Bank now owns 16,902 shares of the aerospace company’s stock worth $969,000 after buying an additional 4,770 shares in the last quarter. 97.54% of the stock is owned by institutional investors and hedge funds.
HXL has been the subject of a number of analyst reports. Credit Suisse Group cut their target price on Hexcel from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. Cowen reissued a “buy” rating and set a $75.00 target price on shares of Hexcel in a research note on Monday, October 22nd. Zacks Investment Research downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. BMO Capital Markets upgraded Hexcel from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Finally, Vertical Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $72.00.
Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 23rd. The aerospace company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $561.00 million for the quarter, compared to analysts’ expectations of $558.55 million. Hexcel had a return on equity of 19.19% and a net margin of 12.64%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, equities research analysts forecast that Hexcel Co. will post 3.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 12th. Investors of record on Tuesday, February 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, February 4th. Hexcel’s dividend payout ratio is currently 19.67%.
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Hexcel Company Profile
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company 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, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
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