Hexcel Co. (NYSE:HXL) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its position in Hexcel Co. (NYSE:HXL - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,920 shares of the aerospace company's stock after buying an additional 9,853 shares during the period. Pinebridge Investments L.P.'s holdings in Hexcel were worth $2,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HXL. Barclays PLC increased its position 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 buying an additional 17,011 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after purchasing an additional 24,133 shares in the last quarter. Kopion Asset Management LLC increased its position in shares of Hexcel by 11.2% in the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock worth $6,142,000 after acquiring an additional 9,861 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Hexcel in the 4th quarter valued at $242,000. Finally, Oak Thistle LLC raised its holdings in shares of Hexcel by 303.5% during the 4th quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company's stock valued at $1,202,000 after buying an additional 14,418 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays decreased their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada cut their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, TD Cowen upgraded shares of Hexcel to a "hold" rating in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Stock Up 0.2 %

HXL stock opened at $50.27 on Monday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 1.72 and a beta of 1.08. Hexcel Co. has a twelve month low of $45.28 and a twelve month high of $73.58. The business has a 50 day moving average price of $55.68 and a two-hundred day moving average price of $60.71. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same quarter last year, the company posted $0.44 EPS. Analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a $0.17 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.35%. Hexcel's dividend payout ratio is currently 45.03%.

Hexcel 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.

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