Hexcel Declares $0.12 Dividend

By 247patrick Published Jan 31, 10:28PM EST

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Hexcel Declares $0.12 Dividend — © Jitalia17 / Getty Images

Hexcel said on January 25, 2023 that its board of directors declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Shareholders of record as of February 9, 2023 will receive the payment on February 17, 2023. Previously, the company paid $0.10 per share.

At the most recent share price of $67.75 / share, the stock’s dividend yield was 0.74%. Additionally, the company’s dividend payout ratio is 0.33, indicating it is retaining a high percentage of its earnings to reinvest in growth opportunities.

The company’s 3-Year dividend growth rate is -0.26%.

Analyst Price Forecast Suggests 6.75% Downside

As of January 30, 2023, the average one-year price target for Hexcel is $63.18. The forecasts range from a low of $45.45 to a high of $77.70. The average price target represents a decrease of 6.75% from its latest reported closing price of $67.75.

The projected annual revenue for Hexcel is $1,773MM, an increase of 12.38%. The projected annual EPS is $1.84, an increase of 23.10%.

Fund Sentiment

There are 754 funds or institutions reporting positions in Hexcel. This is an increase of 8 owner(s) or 1.07%.

Average portfolio weight of all funds dedicated to US:HXL is 0.2593%, a decrease of 3.6987%. Total shares owned by institutions increased in the last three months by 2.76% to 103,418K shares.

What are large shareholders doing?

Alliancebernstein holds 6,160,587 shares representing 7.32% ownership of the company. In it’s prior filing, the firm reported owning 3,897,335 shares, representing an increase of 36.74%. The firm increased its portfolio allocation in HXL by 65.67% over the last quarter.

Earnest Partners holds 5,176,206 shares representing 6.15% ownership of the company. In it’s prior filing, the firm reported owning 5,068,832 shares, representing an increase of 2.07%. The firm increased its portfolio allocation in HXL by 1.82% over the last quarter.

Bank Of America holds 4,165,002 shares representing 4.95% ownership of the company. In it’s prior filing, the firm reported owning 4,271,490 shares, representing a decrease of 2.56%. The firm increased its portfolio allocation in HXL by 1.27% over the last quarter.

Boston Partners holds 3,799,982 shares representing 4.51% ownership of the company. In it’s prior filing, the firm reported owning 3,301,521 shares, representing an increase of 13.12%. The firm increased its portfolio allocation in HXL by 19.14% over the last quarter.

Atlanta Capital Management Co L L C holds 3,522,352 shares representing 4.18% ownership of the company. In it’s prior filing, the firm reported owning 3,842,817 shares, representing a decrease of 9.10%. The firm decreased its portfolio allocation in HXL by 6.30% over the last quarter.

Hexcel Background Information
(This description is provided by the company.)

Hexcel Corporation is a leading advanced composites company. It develops, manufactures, and markets lightweight, high-performance structural materials including carbon fibers, specialty reinforcements, prepregs, and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications.

This article originally appeared on Fintel

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google