Leeward Investments LLC MA trimmed its position in Hexcel Corporation (NYSE:HXL – Free Report) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 362,153 shares of the aerospace company’s stock after selling 9,008 shares during the period. Hexcel makes up about 1.4% of Leeward Investments LLC MA’s portfolio, making the stock its 11th largest holding. Leeward Investments LLC MA owned 0.45% of Hexcel worth $26,763,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. MMA Asset Management LLC acquired a new stake in shares of Hexcel during the 3rd quarter valued at $35,000. Optiver Holding B.V. lifted its position in shares of Hexcel by 469.3% during the 3rd quarter. Optiver Holding B.V. now owns 575 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 474 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Hexcel by 8,671.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 607 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Hexcel by 57.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 786 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.
Hexcel Price Performance
Shares of NYSE:HXL opened at $92.44 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.79. Hexcel Corporation has a 12-month low of $50.54 and a 12-month high of $98.26. The company’s fifty day moving average is $85.86 and its two-hundred day moving average is $81.28. The company has a market cap of $6.97 billion, a P/E ratio of 60.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.11.
Hexcel Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 4th. Hexcel’s dividend payout ratio (DPR) is currently 47.37%.
Insider Activity
In related news, insider Amy S. Evans sold 1,500 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $92.80, for a total transaction of $139,200.00. Following the completion of the sale, the insider directly owned 1,979 shares in the company, valued at approximately $183,651.20. This trade represents a 43.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.84% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on HXL shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $79.00 price objective on shares of Hexcel in a research report on Friday, April 24th. KeyCorp started coverage on Hexcel in a research report on Wednesday, March 25th. They set a “sector weight” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a research report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating and set a $95.00 price objective on shares of Hexcel in a research report on Sunday, April 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Hexcel in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $91.00.
Read Our Latest Analysis on Hexcel
Hexcel Company Profile
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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