Crawford Investment Counsel Inc. Has $10.59 Million Position in Hexcel Corporation (HXL)
Crawford Investment Counsel Inc. increased its position in Hexcel Corporation (NYSE:HXL) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,640 shares of the aerospace company’s stock after buying an additional 4,470 shares during the period. Crawford Investment Counsel Inc. owned about 0.22% of Hexcel Corporation worth $10,592,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of HXL. Monroe Bank & Trust MI increased its stake in Hexcel Corporation by 0.7% in the second quarter. Monroe Bank & Trust MI now owns 25,720 shares of the aerospace company’s stock worth $1,358,000 after buying an additional 169 shares in the last quarter. Pacer Advisors Inc. increased its stake in Hexcel Corporation by 11.9% in the second quarter. Pacer Advisors Inc. now owns 13,637 shares of the aerospace company’s stock worth $720,000 after buying an additional 1,451 shares in the last quarter. Prudential Financial Inc. increased its stake in Hexcel Corporation by 5.1% in the second quarter. Prudential Financial Inc. now owns 6,136 shares of the aerospace company’s stock worth $324,000 after buying an additional 300 shares in the last quarter. Bridge City Capital LLC bought a new stake in Hexcel Corporation during the second quarter worth about $2,435,000. Finally, American Century Companies Inc. increased its stake in Hexcel Corporation by 65.8% in the second quarter. American Century Companies Inc. now owns 300,318 shares of the aerospace company’s stock worth $15,854,000 after buying an additional 119,215 shares in the last quarter. 96.88% of the stock is owned by institutional investors.
Shares of Hexcel Corporation (NYSE HXL) opened at 52.91 on Wednesday. Hexcel Corporation has a 1-year low of $41.03 and a 1-year high of $55.91. The company has a market capitalization of $4.75 billion, a P/E ratio of 19.38 and a beta of 1.04. The firm has a 50-day moving average of $53.07 and a 200 day moving average of $52.63.
Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.02. The firm had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. On average, analysts anticipate that Hexcel Corporation will post $2.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.125 per share. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.50 annualized dividend and a dividend yield of 0.94%. Hexcel Corporation’s payout ratio is presently 18.32%.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating and set a $57.00 price objective on shares of Hexcel Corporation in a report on Wednesday, August 9th. BidaskClub downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Vertical Research downgraded shares of Hexcel Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $58.00 to $54.00 in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price objective (down from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.89.
Hexcel Corporation Company 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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