Commonwealth Equity Services Inc Increases Holdings in Hexcel Corporation (HXL)
Commonwealth Equity Services Inc lifted its stake in shares of Hexcel Corporation (NYSE:HXL) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,414 shares of the aerospace company’s stock after buying an additional 1,180 shares during the period. Commonwealth Equity Services Inc owned about 0.07% of Hexcel Corporation worth $3,583,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in shares of Hexcel Corporation by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 50,153 shares of the aerospace company’s stock valued at $2,880,000 after buying an additional 3,870 shares during the last quarter. Putnam FL Investment Management Co. purchased a new position in shares of Hexcel Corporation during the third quarter valued at approximately $6,267,000. Bank of New York Mellon Corp boosted its position in shares of Hexcel Corporation by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 685,757 shares of the aerospace company’s stock valued at $39,374,000 after buying an additional 20,871 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Hexcel Corporation by 15.0% during the third quarter. New York State Common Retirement Fund now owns 1,098,570 shares of the aerospace company’s stock valued at $63,080,000 after buying an additional 143,674 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Hexcel Corporation by 79.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 92,245 shares of the aerospace company’s stock valued at $5,297,000 after buying an additional 40,923 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.
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Shares of Hexcel Corporation (HXL) traded up $0.96 on Tuesday, hitting $60.11. The company’s stock had a trading volume of 344,900 shares, compared to its average volume of 591,564. The company has a market capitalization of $5,313.18, a price-to-earnings ratio of 22.58, a PEG ratio of 2.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 2.74. Hexcel Corporation has a 52-week low of $48.56 and a 52-week high of $63.93.
Hexcel Corporation (NYSE:HXL) last issued its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. Hexcel Corporation had a return on equity of 18.40% and a net margin of 13.13%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. equities analysts forecast that Hexcel Corporation will post 2.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Wednesday, November 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.50 annualized dividend and a dividend yield of 0.83%. Hexcel Corporation’s payout ratio is presently 18.05%.
In other Hexcel Corporation news, Director Lynn Brubaker sold 6,948 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $61.67, for a total value of $428,483.16. Following the sale, the director now directly owns 7,107 shares in the company, valued at $438,288.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kimberly A. Hendricks sold 2,608 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the completion of the sale, the senior vice president now owns 22,221 shares in the company, valued at $1,407,700.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,304 shares of company stock worth $823,040. Corporate insiders own 2.10% of the company’s stock.
Several brokerages recently issued reports on HXL. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 target price on shares of Hexcel Corporation in a research report on Tuesday, November 14th. Loop Capital lifted their target price on Hexcel Corporation from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Tuesday, October 24th. Bank of America Corporation lifted their target price on Hexcel Corporation from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 20th. KeyCorp boosted their price objective on Hexcel Corporation from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research raised Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $60.00.
Hexcel Corporation Profile
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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