Channing Capital Management LLC Has $70.77 Million Position in Hexcel Co. (NYSE:HXL)

Channing Capital Management LLC boosted its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,128,681 shares of the aerospace company's stock after buying an additional 105,510 shares during the quarter. Hexcel makes up approximately 1.9% of Channing Capital Management LLC's investment portfolio, making the stock its 25th largest position. Channing Capital Management LLC owned approximately 1.39% of Hexcel worth $70,768,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Speece Thorson Capital Group Inc. raised its stake in Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock valued at $15,140,000 after acquiring an additional 32,960 shares during the period. Barclays PLC increased its holdings in shares of Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after purchasing an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock valued at $35,957,000 after purchasing an additional 63,730 shares during the period. FMR LLC lifted its stake in shares of Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after buying an additional 8,135 shares during the last quarter. Finally, Kopion Asset Management LLC boosted its holdings in shares of Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock worth $6,142,000 after buying an additional 9,861 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

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Hexcel Price Performance

Hexcel stock traded down $1.04 during trading hours on Thursday, reaching $55.46. 913,713 shares of the stock were exchanged, compared to its average volume of 1,122,100. The stock has a 50 day moving average of $64.10 and a two-hundred day moving average of $62.58. The company has a market cap of $4.50 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a twelve month low of $55.24 and a twelve month high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Equities analysts expect 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 given a dividend of $0.17 per share. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio is currently 42.77%.

Analyst Upgrades and Downgrades

HXL has been the topic of several research analyst reports. 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 report on Friday, January 24th. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company boosted their price target on Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Finally, TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.