New Age Alpha Advisors LLC Acquires Shares of 6,574 Hexcel Co. (NYSE:HXL)

New Age Alpha Advisors LLC bought a new stake in Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,574 shares of the aerospace company's stock, valued at approximately $412,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its stake in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after purchasing an additional 17,011 shares during the period. FMR LLC increased its position in Hexcel by 11.7% in the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock valued at $4,791,000 after acquiring an additional 8,135 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after acquiring an additional 24,133 shares during the last quarter. Kopion Asset Management LLC lifted its position in Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock worth $6,142,000 after acquiring an additional 9,861 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of Hexcel in the 4th quarter valued at approximately $242,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HXL shares. Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Truist Financial cut their price objective on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Barclays lowered their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company raised their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus price target of $72.25.

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Hexcel Stock Down 6.1 %

Shares of NYSE:HXL traded down $3.11 during midday trading on Friday, hitting $48.27. 1,614,070 shares of the company's stock traded hands, compared to its average volume of 967,457. The firm's fifty day moving average price is $60.70 and its two-hundred day moving average price is $61.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a twelve month low of $46.21 and a twelve month high of $73.58. The company has a market cap of $3.88 billion, a PE ratio of 30.36, a P/E/G ratio of 1.72 and a beta of 1.08.

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

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio (DPR) is currently 42.77%.

Hexcel Profile

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.