Artisan Partners Limited Partnership acquired a new stake in Hexcel Corporation (NYSE:HXL – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 225,478 shares of the aerospace company’s stock, valued at approximately $14,137,000. Artisan Partners Limited Partnership owned 0.28% of Hexcel at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada grew its stake in Hexcel by 12.6% in the 1st quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company’s stock valued at $6,544,000 after buying an additional 13,374 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hexcel by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,360 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 468 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Hexcel in the first quarter valued at approximately $234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hexcel by 14.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 274,522 shares of the aerospace company’s stock worth $15,033,000 after purchasing an additional 34,822 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 441 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.
Hexcel Trading Down 1.2%
HXL opened at $92.65 on Friday. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 67.14, a P/E/G ratio of 1.43 and a beta of 1.06. 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 $94.46. The company has a 50-day simple moving average of $83.06 and a 200 day simple moving average of $72.86.
Hexcel Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Hexcel’s previous quarterly dividend of $0.17. Hexcel’s dividend payout ratio (DPR) is 52.17%.
Analyst Upgrades and Downgrades
HXL has been the topic of a number of research reports. Wall Street Zen lowered Hexcel from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Truist Financial set a $94.00 price target on shares of Hexcel in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research report on Thursday, January 22nd. Jefferies Financial Group boosted their price objective on shares of Hexcel from $75.00 to $90.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Finally, The Goldman Sachs Group raised their target price on shares of Hexcel from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $82.17.
View Our Latest Report 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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