Alberta Investment Management Corp Buys New Position in Hexcel Co. (NYSE:HXL)

Alberta Investment Management Corp bought a new stake in Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,415 shares of the aerospace company's stock, valued at approximately $967,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Hexcel during the third quarter worth $30,000. Allworth Financial LP grew its stake in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares during the period. 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 worth $53,000 after acquiring an additional 420 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Hexcel during the third quarter worth $56,000. Finally, First Horizon Advisors Inc. lifted its holdings in Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Royal Bank of Canada increased their target price on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. TD Cowen raised Hexcel to a "hold" rating in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $73.09.

Hexcel Trading Down 0.4 %

NYSE:HXL traded down $0.27 on Tuesday, hitting $62.15. The stock had a trading volume of 144,169 shares, compared to its average volume of 1,129,281. The company has a fifty day moving average price of $64.84 and a two-hundred day moving average price of $62.83. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. 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 market cap of $5.04 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. This is a boost from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio is presently 42.77%.

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.