Sanctuary Advisors LLC bought a new position in shares of Hexcel Corporation (NYSE:HXL – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 26,327 shares of the aerospace company’s stock, valued at approximately $2,634,000.
Several other hedge funds have also added to or reduced their stakes in HXL. GHP Investment Advisors Inc. acquired a new position in Hexcel in the 1st quarter valued at $28,000. Prosperity Bancshares Inc acquired a new stake in shares of Hexcel during the fourth quarter worth $36,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Hexcel during the first quarter worth $37,000. Transamerica Financial Advisors LLC boosted its position in shares of Hexcel by 181.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 326 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of Hexcel in the fourth quarter valued at about $38,000. 95.47% of the stock is owned by institutional investors and hedge funds.
Hexcel Stock Performance
NYSE:HXL opened at $93.76 on Wednesday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 1.32 and a beta of 1.06. Hexcel Corporation has a fifty-two week low of $60.26 and a fifty-two week high of $111.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43. The stock has a fifty day moving average price of $101.14 and a 200-day moving average price of $92.45.
Hexcel Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s dividend payout ratio is presently 36.18%.
Wall Street Analyst Weigh In
HXL has been the topic of several research reports. Wolfe Research downgraded shares of Hexcel from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 31st. Bank of America cut shares of Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a research note on Monday, August 3rd. TD Cowen boosted their price objective on shares of Hexcel from $85.00 to $100.00 and gave the company a “hold” rating in a report on Monday, July 13th. Wells Fargo & Company increased their target price on shares of Hexcel from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group raised their target price on shares of Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average target price of $107.18.
Read Our Latest Stock Report on HXL
Insider Buying and Selling
In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the transaction, the insider directly owned 7,712 shares of the company’s stock, valued at $795,415.68. This trade represents a 55.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.84% of the stock is currently owned by corporate insiders.
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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