Bank of Montreal Can Has $3.89 Million Stake in Hexcel Co. (NYSE:HXL)

Bank of Montreal Can grew its position in Hexcel Co. (NYSE:HXL - Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,107 shares of the aerospace company's stock after acquiring an additional 6,907 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of Hexcel worth $3,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP increased its position in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel during the 4th quarter valued at $49,000. Manchester Capital Management LLC boosted its position in shares of Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hexcel in the fourth quarter worth about $57,000. Finally, Huntington National Bank grew its position in Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

HXL stock traded down $0.08 during trading on Friday, hitting $52.03. 1,663,069 shares of the stock traded hands, compared to its average volume of 949,813. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 1.72 and a beta of 1.08. 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 one year low of $45.28 and a one year high of $73.58. The company has a 50 day simple moving average of $57.26 and a 200 day simple moving average of $61.05.

Hexcel (NYSE:HXL - Get Free Report) last issued 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%. Equities analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal 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 given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. 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 presently 42.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HXL shares. Truist Financial dropped their target price on Hexcel from $80.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday. Wells Fargo & Company lowered Hexcel from an "overweight" rating to a "reduce" rating in a report on Tuesday. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Barclays cut their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Finally, TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hexcel has a consensus rating of "Hold" and an average price target of $67.40.

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.