Canada Pension Plan Investment Board bought a new position in Hexcel Co. (NYSE:HXL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 91,500 shares of the aerospace company’s stock, valued at approximately $5,246,000. Canada Pension Plan Investment Board owned 0.11% of Hexcel as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Hexcel by 3.3% in the 3rd quarter. BlackRock Inc. now owns 5,465,957 shares of the aerospace company’s stock worth $366,492,000 after purchasing an additional 176,648 shares during the period. Alliancebernstein L.P. raised its holdings in Hexcel by 2.8% during the third quarter. Alliancebernstein L.P. now owns 3,445,374 shares of the aerospace company’s stock valued at $231,012,000 after acquiring an additional 93,987 shares during the period. William Blair Investment Management LLC raised its holdings in Hexcel by 5.6% during the third quarter. William Blair Investment Management LLC now owns 2,793,700 shares of the aerospace company’s stock valued at $187,318,000 after acquiring an additional 149,364 shares during the period. Eagle Asset Management Inc. raised its holdings in Hexcel by 2.8% during the third quarter. Eagle Asset Management Inc. now owns 2,251,135 shares of the aerospace company’s stock valued at $150,938,000 after acquiring an additional 62,077 shares during the period. Finally, Carillon Tower Advisers Inc. raised its holdings in Hexcel by 4.2% during the third quarter. Carillon Tower Advisers Inc. now owns 1,972,272 shares of the aerospace company’s stock valued at $133,266,000 after acquiring an additional 78,816 shares during the period. 99.42% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Friday, February 15th. ValuEngine raised Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Longbow Research assumed coverage on Hexcel in a report on Tuesday, November 20th. They set a “neutral” rating on the stock. Cowen reissued a “buy” rating and set a $66.00 price target on shares of Hexcel in a report on Wednesday, January 23rd. Finally, BMO Capital Markets raised Hexcel from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $72.33.
Shares of Hexcel stock opened at $72.14 on Friday. The stock has a market cap of $6.11 billion, a PE ratio of 23.65, a PEG ratio of 2.04 and a beta of 1.21. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.72. Hexcel Co. has a twelve month low of $53.50 and a twelve month high of $73.42.
Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 23rd. The aerospace company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The firm had revenue of $561.00 million during the quarter, compared to analyst estimates of $558.55 million. Hexcel had a return on equity of 19.19% and a net margin of 12.64%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. Analysts anticipate that Hexcel Co. will post 3.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 12th. Stockholders of record on Tuesday, February 5th were given a dividend of $0.15 per share. The ex-dividend date was Monday, February 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. Hexcel’s payout ratio is 19.67%.
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company 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, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
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