Aigen Investment Management LP Buys New Position in Hexcel Co. (NYSE:HXL)

Aigen Investment Management LP bought a new position in Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,548 shares of the aerospace company's stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in Hexcel during the 3rd quarter worth approximately $30,000. Allworth Financial LP increased its holdings in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $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 in the 4th quarter valued at $49,000. Manchester Capital Management LLC lifted its stake in shares of 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 acquiring an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Hexcel during the 3rd quarter valued at $56,000. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Up 0.4 %

Shares of Hexcel stock traded up $0.24 on Tuesday, hitting $56.63. 1,284,345 shares of the company's stock traded hands, compared to its average volume of 1,134,316. The company has a fifty day moving average of $64.35 and a two-hundred day moving average of $62.67. Hexcel Co. has a one year low of $55.35 and a one year high of $74.20. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

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

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.20%. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio is currently 42.77%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a research report on Friday. TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Truist Financial raised their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada boosted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average target price of $73.09.

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.