Grandfield & Dodd LLC Buys 4,277 Shares of Hexcel Co. (NYSE:HXL)

Grandfield & Dodd LLC lifted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,524 shares of the aerospace company's stock after acquiring an additional 4,277 shares during the period. Hexcel accounts for about 1.3% of Grandfield & Dodd LLC's portfolio, making the stock its 29th largest position. Grandfield & Dodd LLC owned approximately 0.41% of Hexcel worth $20,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings 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 purchasing an additional 425,402 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hexcel by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company's stock valued at $65,585,000 after purchasing an additional 10,479 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Hexcel by 10.4% in the 4th quarter. Bank of New York Mellon Corp now owns 751,881 shares of the aerospace company's stock worth $47,143,000 after acquiring an additional 70,533 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Hexcel by 52.1% during 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 during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Hexcel by 12.3% during the 3rd 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 buying an additional 63,730 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Trading Up 1.9 %

Hexcel stock traded up $1.11 during trading on Wednesday, hitting $60.02. The company's stock had a trading volume of 812,402 shares, compared to its average volume of 1,105,748. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 37.75, a P/E/G 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. The stock's fifty day moving average is $64.72 and its 200 day moving average is $62.81. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last released its 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%. As a group, equities research analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.13%. This is a positive change from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is currently 42.77%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Truist Financial raised 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. Finally, TD Cowen upgraded Hexcel to a "hold" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Hexcel presently has a consensus rating of "Hold" and an average 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.