Fort Washington Investment Advisors Inc. OH Increases Position in Hexcel Co. (NYSE:HXL)

Fort Washington Investment Advisors Inc. OH raised its stake in Hexcel Co. (NYSE:HXL - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,380 shares of the aerospace company's stock after purchasing an additional 59,310 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.41% of Hexcel worth $20,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in Hexcel by 5.8% in the second quarter. American Century Companies Inc. now owns 21,718 shares of the aerospace company's stock worth $1,356,000 after acquiring an additional 1,197 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock worth $87,829,000 after purchasing an additional 103,679 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Hexcel by 779.8% during the second quarter. Hsbc Holdings PLC now owns 39,776 shares of the aerospace company's stock worth $2,510,000 after purchasing an additional 35,255 shares in the last quarter. Intech Investment Management LLC purchased a new position in Hexcel in the second quarter valued at $450,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Hexcel in the second quarter valued at $7,013,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HXL. Wells Fargo & Company upped their price objective on Hexcel from $78.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Vertical Research lowered shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. 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 research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $71.33.

Hexcel Stock Performance

HXL traded up $2.22 on Thursday, hitting $70.69. 2,227,562 shares of the company traded hands, compared to its average volume of 1,376,060. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a 50 day moving average of $63.36 and a 200-day moving average of $62.63. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.73 billion, a PE ratio of 53.96, a PEG ratio of 1.94 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Sell-side analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.17 dividend. This is an increase from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 0.96%. Hexcel's payout ratio is presently 45.80%.

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.