Renaissance Technologies LLC Increases Holdings in Hexcel Corporation to $22.09 Million
December 9, 2023
🌥️Trending News
Hexcel Corporation ($NYSE:HXL) is a technology-driven company that is transforming the way products are designed, manufactured and used. The firm uses complex mathematical and statistical modeling techniques to develop investment strategies. By increasing their holdings in Hexcel Corporation, they have shown their confidence in Hexcel’s future growth potential. Hexcel Corporation is committed to helping customers achieve their goals with innovative products and services that are designed with performance, quality and sustainability in mind.
The company continues to grow and expand its product capabilities to meet the evolving needs of its customers. Hexcel Corporation’s stock holding of $22.09 million from Renaissance Technologies LLC is a sign of confidence in the company’s long-term success and potential.
Market Price
Renaissance Technologies LLC has recently increased its holdings in Hexcel Corporation, a leading advanced composites company, to $22.09 million on Thursday. The stock of Hexcel Corporation opened at $70.8 and closed at $70.3 on the day, which is a decrease of 0.8% from the prior closing price of $70.8. This increase marks the first time in the past three months that Renaissance Technologies LLC has invested into Hexcel Corporation, and emphasizes the potential for growth for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hexcel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.76k | 160.9 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hexcel Corporation. More…
| Operations | Investing | Financing |
| 214.8 | -99.6 | -111.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hexcel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.85k | 1.2k | 19.49 |
Key Ratios Snapshot
Some of the financial key ratios for Hexcel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.2% | 16.4% | 12.4% |
| FCF Margin | ROE | ROA |
| 5.8% | 8.3% | 4.8% |
Analysis
GoodWhale recently conducted an analysis of HEXCEL CORPORATION’s wellbeing. According to Star Chart, HEXCEL CORPORATION is classified as “cheetah”, which implies that the company achieved high revenue or earnings growth, but is considered less stable due to lower profitability. This type of company may be of interest to investors who focus on capital gain and are willing to take some risk. Our analysis shows that HEXCEL CORPORATION is strong in dividend, medium in asset, profitability and weak in growth. The company has a high health score of 10/10, which suggests that it has sufficient cashflows and debt, and it is capable of paying off debt and funding future operations. More…
Peers
The company competes with Beijing Beimo High Tech Frictional Material Co Ltd, Textron Inc, and Lockheed Martin Corp, among others.
– Beijing Beimo High Tech Frictional Material Co Ltd ($SZSE:002985)
As of 2022, Beijing Beimo High Tech Frictional Material Co Ltd has a market cap of 15.99B and a return on equity of 14.34%. The company produces high-tech friction materials for a variety of industries, including automotive, aerospace, and construction. Its products are used in a variety of applications, such as brakes, clutches, and bearings. The company has a strong presence in China and is expanding its operations globally.
– Textron Inc ($NYSE:TXT)
Textron Inc is a diversified industrial company that operates in a variety of businesses, including aircraft, defense, industrial, and finance. The company has a market cap of 13.31B as of 2022 and a return on equity of 9.94%. Textron is a global company with operations in more than 40 countries. The company’s products and services include aircraft, defense systems, industrial products, and finance. Textron is a publicly traded company listed on the New York Stock Exchange under the ticker symbol TXT.
– Lockheed Martin Corp ($NYSE:LMT)
Lockheed Martin Corp is an American aerospace, defense, security, and advanced technologies company. It is the world’s largest defense contractor measured by revenue and is the largest producer of aircraft engines. It is also a major provider of IT services, systems engineering, and training. The company’s main products and services include aircraft, missiles, weapons, electronic systems, and IT services.
Summary
Investors have shown a strong interest in Hexcel Corporation recently, with Renaissance Technologies LLC having the largest stock holdings at $22.09 million. Hexcel is a leader in advanced composites technology, specializing in the production of carbon fiber, reinforcements, prepregs, honeycomb, adhesives and composite structures for the aerospace, automotive and wind energy markets. Analysts have been optimistic about the company’s performance, citing its consistent growth, strong customer base, and strong cash flow as reasons for their bullish outlook. With increased demand for their products, and continued development of their technologies, Hexcel appears to be well positioned to capture more market share and sustain its performance moving forward.
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