Dynamic Technology Lab Private Ltd bought a new position in Hexcel Corporation (NYSE:HXL – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,091 shares of the aerospace company’s stock, valued at approximately $633,000.
A number of other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its stake in Hexcel by 25.8% in the 3rd quarter. New York State Common Retirement Fund now owns 421,980 shares of the aerospace company’s stock valued at $26,458,000 after acquiring an additional 86,625 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Hexcel by 12.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 403,881 shares of the aerospace company’s stock worth $25,323,000 after acquiring an additional 45,061 shares during the last quarter. Madison Asset Management LLC bought a new position in shares of Hexcel during the 3rd quarter worth approximately $1,410,000. Commonwealth Equity Services LLC raised its holdings in shares of Hexcel by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 126,794 shares of the aerospace company’s stock valued at $7,950,000 after purchasing an additional 8,661 shares during the last quarter. Finally, Leeward Investments LLC MA raised its holdings in shares of Hexcel by 33.4% in the third quarter. Leeward Investments LLC MA now owns 371,161 shares of the aerospace company’s stock valued at $23,272,000 after purchasing an additional 92,892 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.
Hexcel Price Performance
Shares of NYSE HXL opened at $86.55 on Wednesday. The business’s 50 day moving average price is $85.02 and its two-hundred day moving average price is $74.30. The company has a market cap of $6.57 billion, a PE ratio of 62.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $95.22.
Hexcel Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a $0.18 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, February 9th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Hexcel’s dividend payout ratio (DPR) is currently 52.17%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Hexcel from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Royal Bank Of Canada boosted their price target on shares of Hexcel from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Thursday, January 22nd. BMO Capital Markets restated a “market perform” rating and issued a $85.00 price objective on shares of Hexcel in a report on Friday, January 30th. Finally, The Goldman Sachs Group lifted their target price on Hexcel from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.17.
Check Out Our Latest Research Report on Hexcel
Insider Transactions at Hexcel
In other Hexcel news, insider Amy S. Evans sold 1,500 shares of Hexcel stock in a transaction on Friday, February 27th. The shares were sold at an average price of $92.80, for a total transaction of $139,200.00. Following the completion of the transaction, the insider directly owned 1,979 shares of the company’s stock, valued at $183,651.20. The trade was a 43.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.03% of the stock is owned by corporate insiders.
Hexcel Company 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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