Broad Run Investment Management LLC lessened its holdings in shares of Hexcel Co. (NYSE:HXL) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,973,254 shares of the aerospace company’s stock after selling 4,392 shares during the period. Hexcel makes up 5.9% of Broad Run Investment Management LLC’s holdings, making the stock its 9th biggest position. Broad Run Investment Management LLC owned approximately 3.31% of Hexcel worth $183,896,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. TIAA CREF Investment Management LLC increased its holdings in Hexcel by 20.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 310,005 shares of the aerospace company’s stock valued at $19,174,000 after buying an additional 53,670 shares in the last quarter. Captrust Financial Advisors purchased a new position in Hexcel in the fourth quarter valued at $130,000. Raymond James & Associates increased its holdings in Hexcel by 1.4% in the fourth quarter. Raymond James & Associates now owns 86,825 shares of the aerospace company’s stock valued at $5,370,000 after buying an additional 1,229 shares in the last quarter. Two Sigma Investments LP purchased a new position in Hexcel in the fourth quarter valued at $9,925,000. Finally, Two Sigma Advisers LP purchased a new position in Hexcel in the fourth quarter valued at $18,130,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on HXL shares. Stephens started coverage on shares of Hexcel in a report on Wednesday, December 6th. They issued an “overweight” rating and a $74.00 price objective for the company. Canaccord Genuity lifted their price objective on shares of Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a report on Friday, January 26th. Zacks Investment Research cut shares of Hexcel from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. Finally, Loop Capital set a $64.00 price objective on shares of Hexcel and gave the company a “hold” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Hexcel currently has an average rating of “Hold” and an average target price of $65.90.
Shares of Hexcel Co. (NYSE HXL) opened at $68.29 on Tuesday. Hexcel Co. has a 52-week low of $49.20 and a 52-week high of $69.52. The stock has a market cap of $6,140.00, a PE ratio of 23.96, a PEG ratio of 2.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 1.31.
Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.70. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The business had revenue of $511.70 million for the quarter, compared to analyst estimates of $506.70 million. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. sell-side analysts forecast that Hexcel Co. will post 3.06 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.73%. Hexcel’s dividend payout ratio (DPR) is 17.54%.
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.
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