American Century Companies Inc. Buys 480,207 Shares of Hexcel Co. (NYSE:HXL)

American Century Companies Inc. increased its stake in Hexcel Co. (NYSE:HXL - Free Report) by 66.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,198,136 shares of the aerospace company's stock after purchasing an additional 480,207 shares during the period. American Century Companies Inc. owned approximately 1.48% of Hexcel worth $75,123,000 as of its most recent filing with the SEC.

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

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Analysts Set New Price Targets

Several analysts recently weighed in on HXL shares. TD Cowen raised Hexcel to a "hold" rating in a research note on Monday, February 24th. Truist Financial decreased their price target on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Wells Fargo & Company upped their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Royal Bank of Canada increased their price target on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.64.

Hexcel Trading Down 3.1 %

Shares of HXL traded down $1.82 during mid-day trading on Friday, reaching $56.28. 777,864 shares of the company were exchanged, compared to its average volume of 950,556. The business has a 50 day simple moving average of $62.43 and a two-hundred day simple moving average of $62.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The stock has a market capitalization of $4.57 billion, a PE ratio of 35.40, a PEG ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued 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 net margin of 6.94% and a return on equity of 10.66%. On average, analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.17 per share. This is a positive change from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. Hexcel's dividend payout ratio is presently 42.77%.

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.