Charles Schwab Investment Management Inc. Purchases 24,133 Shares of Hexcel Co. (NYSE:HXL)

Charles Schwab Investment Management Inc. raised its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,084,860 shares of the aerospace company's stock after acquiring an additional 24,133 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.34% of Hexcel worth $68,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HXL. Insigneo Advisory Services LLC boosted its stake in shares of Hexcel by 3.7% in the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock valued at $300,000 after buying an additional 172 shares during the period. UMB Bank n.a. boosted its stake in shares of Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock valued at $926,000 after buying an additional 202 shares during the period. GAMMA Investing LLC boosted its stake in shares of Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after buying an additional 206 shares during the period. Huntington National Bank boosted its stake in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after buying an additional 225 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock valued at $2,728,000 after buying an additional 232 shares during the period. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

HXL has been the subject of several recent research reports. Truist Financial boosted their price target on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday, November 21st. 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. Royal Bank of Canada boosted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, TD Cowen upgraded shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $73.09.

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Hexcel Stock Up 0.4 %

Shares of NYSE:HXL opened at $56.63 on Wednesday. The company has a fifty day moving average of $64.22 and a 200-day moving average of $62.62. The company has a market capitalization of $4.59 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 52-week low of $55.35 and a 52-week high of $74.20.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, equities analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. 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 1.20%. Hexcel's dividend payout ratio is 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.

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