Amundi Increases Holdings in Hexcel Co. (NYSE:HXL)

Amundi grew its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,060 shares of the aerospace company's stock after purchasing an additional 27,943 shares during the period. Amundi owned approximately 0.17% of Hexcel worth $9,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HXL. Vestmark Advisory Solutions Inc. bought a new stake in Hexcel during the 4th quarter valued at approximately $263,000. Raymond James Financial Inc. bought a new position in Hexcel in the fourth quarter worth $7,092,000. Dana Investment Advisors Inc. bought a new position in Hexcel in the fourth quarter worth $230,000. Aigen Investment Management LP purchased a new position in Hexcel during the fourth quarter valued at $411,000. Finally, Proficio Capital Partners LLC bought a new stake in Hexcel during the fourth quarter worth about $633,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of NYSE:HXL traded down $0.33 during midday trading on Tuesday, hitting $56.95. The company had a trading volume of 919,778 shares, compared to its average volume of 904,579. Hexcel Co. has a 12-month low of $55.25 and a 12-month high of $73.58. The company has a fifty day moving average of $63.71 and a two-hundred day moving average of $62.42. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 35.82, a PEG 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.

Remove Ads

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 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%. On average, equities research analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.19%. This is an increase from Hexcel's previous quarterly dividend of $0.15. Hexcel's payout ratio is currently 42.77%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Truist Financial upped their price target on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research report on Monday. TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $73.09.

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.