Aperio Group LLC boosted its stake in shares of Hexcel Corporation (NYSE:HXL) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 37,232 shares of the aerospace company’s stock after buying an additional 1,651 shares during the period. Aperio Group LLC’s holdings in Hexcel Corporation were worth $1,965,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in HXL. Chevy Chase Trust Holdings Inc. increased its position in shares of Hexcel Corporation by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,477 shares of the aerospace company’s stock worth $244,000 after buying an additional 80 shares in the last quarter. Bank of Montreal Can increased its position in shares of Hexcel Corporation by 23.0% in the first quarter. Bank of Montreal Can now owns 140,683 shares of the aerospace company’s stock worth $7,675,000 after buying an additional 26,331 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Hexcel Corporation by 10.2% in the first quarter. Capstone Asset Management Co. now owns 4,641 shares of the aerospace company’s stock worth $253,000 after buying an additional 430 shares in the last quarter. Baldwin Brothers Inc. MA bought a new position in shares of Hexcel Corporation during the first quarter worth $1,823,000. Finally, Graybill Bartz & Assoc Ltd. increased its position in shares of Hexcel Corporation by 1.9% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 55,995 shares of the aerospace company’s stock worth $3,055,000 after buying an additional 1,050 shares in the last quarter.
Hexcel Corporation (HXL) traded down 0.02% during midday trading on Wednesday, hitting $53.22. 107,140 shares of the company were exchanged. The stock has a market capitalization of $4.78 billion, a PE ratio of 19.49 and a beta of 1.04. The firm’s 50-day moving average price is $52.84 and its 200-day moving average price is $52.41. Hexcel Corporation has a one year low of $41.03 and a one year high of $55.91.
Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. Hexcel Corporation’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. Equities research analysts anticipate that Hexcel Corporation will post $2.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.94%. This is an increase from Hexcel Corporation’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, August 1st. Hexcel Corporation’s payout ratio is currently 18.32%.
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HXL has been the subject of a number of research analyst reports. Cowen and Company reaffirmed a “buy” rating and issued a $57.00 target price on shares of Hexcel Corporation in a research note on Wednesday, April 19th. Zacks Investment Research raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. Aegis reaffirmed a “buy” rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. BidaskClub raised shares of Hexcel Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 target price on shares of Hexcel Corporation in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Hexcel Corporation currently has an average rating of “Hold” and a consensus target price of $56.89.
About Hexcel Corporation
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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