Creative Planning cut its holdings in shares of Hexcel Co. (NYSE:HXL) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,168 shares of the aerospace company’s stock after selling 509 shares during the period. Creative Planning’s holdings in Hexcel were worth $232,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of HXL. Public Employees Retirement System of Ohio boosted its holdings in Hexcel by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 206,559 shares of the aerospace company’s stock valued at $16,965,000 after purchasing an additional 1,039 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Hexcel by 1.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,340,804 shares of the aerospace company’s stock valued at $192,250,000 after purchasing an additional 36,932 shares during the last quarter. Mackay Shields LLC boosted its holdings in Hexcel by 333.5% in the 3rd quarter. Mackay Shields LLC now owns 23,129 shares of the aerospace company’s stock valued at $1,900,000 after purchasing an additional 17,793 shares during the last quarter. Barclays PLC lifted its holdings in shares of Hexcel by 201.1% in the 3rd quarter. Barclays PLC now owns 68,746 shares of the aerospace company’s stock worth $5,646,000 after acquiring an additional 45,918 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Hexcel by 3.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 265,605 shares of the aerospace company’s stock worth $21,814,000 after acquiring an additional 7,793 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.
HXL has been the topic of several recent analyst reports. Credit Suisse Group decreased their price objective on shares of Hexcel from $91.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Longbow Research restated a “hold” rating on shares of Hexcel in a report on Wednesday, January 22nd. Cowen restated a “buy” rating and issued a $87.00 price objective on shares of Hexcel in a report on Tuesday, February 4th. BMO Capital Markets upped their price objective on shares of Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Finally, Canaccord Genuity restated a “hold” rating and issued a $76.00 price objective on shares of Hexcel in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $80.77.
Shares of HXL stock opened at $74.12 on Friday. The firm’s 50 day moving average price is $74.86 and its 200-day moving average price is $78.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 2.22. Hexcel Co. has a one year low of $65.61 and a one year high of $87.00. The firm has a market cap of $6.25 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.15 and a beta of 1.03.
Hexcel (NYSE:HXL) last announced its earnings results on Monday, February 3rd. The aerospace company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Hexcel had a net margin of 13.02% and a return on equity of 21.52%. The firm had revenue of $564.30 million for the quarter, compared to the consensus estimate of $591.17 million. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts predict that Hexcel Co. will post 3.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 13th. Hexcel’s payout ratio is currently 19.21%.
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. It 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, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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