Aviso Financial Inc. Invests $851,000 in Hexcel Co. (NYSE:HXL)

Aviso Financial Inc. bought a new stake in Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,570 shares of the aerospace company's stock, valued at approximately $851,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of Hexcel during the 3rd quarter worth $30,000. Allworth Financial LP lifted its stake in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel during the 4th quarter worth $49,000. Manchester Capital Management LLC lifted its stake in shares of Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

HXL stock traded up $0.96 during midday trading on Wednesday, reaching $57.90. The company had a trading volume of 943,209 shares, compared to its average volume of 904,677. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $63.56 and a 200 day moving average price of $62.37. Hexcel Co. has a fifty-two week low of $55.25 and a fifty-two week high of $73.58. The firm has a market capitalization of $4.70 billion, a PE ratio of 36.42, a P/E/G ratio of 1.72 and a beta of 1.30.

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Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. Hexcel's payout ratio is currently 42.77%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HXL. Royal Bank of Canada increased their target price on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday, November 21st. Truist Financial raised their target price on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, TD Cowen upgraded Hexcel to a "hold" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $73.09.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.