AGP Franklin LLC Invests $781,000 in Hexcel Co. (NYSE:HXL)

AGP Franklin LLC acquired a new stake in Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,455 shares of the aerospace company's stock, valued at approximately $781,000.

Several other large investors have also modified their holdings of HXL. Allworth Financial LP lifted its stake in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel during the 4th quarter worth about $49,000. Manchester Capital Management LLC increased its holdings in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Hexcel during the 4th quarter worth approximately $57,000. Finally, Huntington National Bank raised its stake in shares of Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after acquiring an additional 204 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Down 0.1 %

Shares of HXL traded down $0.08 during mid-day trading on Friday, reaching $52.03. The company had a trading volume of 1,663,069 shares, compared to its average volume of 949,813. The firm has a 50-day moving average price of $57.26 and a 200 day moving average price of $61.05. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $73.58. 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 (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS 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, sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. This is a boost from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is currently 42.77%.

Analysts Set New Price Targets

A number of brokerages recently commented on HXL. Morgan Stanley dropped their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. Barclays dropped 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. TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Royal Bank of Canada boosted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $67.40.

Hexcel Company 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.