Atria Investments Inc Increases Holdings in Hexcel Co. (NYSE:HXL)

Atria Investments Inc boosted its stake in Hexcel Co. (NYSE:HXL - Free Report) by 56.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,510 shares of the aerospace company's stock after buying an additional 9,176 shares during the quarter. Atria Investments Inc's holdings in Hexcel were worth $1,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Hexcel by 36.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company's stock valued at $98,966,000 after buying an additional 425,402 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hexcel by 2.3% in 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hexcel by 10.4% in the fourth quarter. Bank of New York Mellon Corp now owns 751,881 shares of the aerospace company's stock valued at $47,143,000 after purchasing an additional 70,533 shares during the period. The Manufacturers Life Insurance Company grew its stake in Hexcel by 52.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company's stock valued at $36,246,000 after buying an additional 200,722 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock worth $35,957,000 after purchasing an additional 63,730 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price objective on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Truist Financial increased their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hexcel currently has a consensus rating of "Hold" and an average target price of $73.09.

Hexcel Stock Down 0.6 %

Shares of NYSE:HXL traded down $0.34 during trading on Wednesday, hitting $56.25. The stock had a trading volume of 171,900 shares, compared to its average volume of 1,113,963. The company has a market capitalization of $4.56 billion, a PE ratio of 35.41, a PEG ratio of 1.72 and a beta of 1.30. 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 firm's fifty day moving average is $64.22 and its 200 day moving average is $62.62. Hexcel Co. has a 12 month low of $55.35 and a 12 month high of $73.75.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data 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%. Analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

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