Hexcel Co. (NYSE:HXL) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC boosted its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 569.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,288 shares of the aerospace company's stock after purchasing an additional 29,167 shares during the quarter. Ieq Capital LLC's holdings in Hexcel were worth $2,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HXL. Massachusetts Financial Services Co. MA increased its stake in Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company's stock valued at $98,966,000 after buying an additional 425,402 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hexcel by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company's stock worth $65,585,000 after purchasing an additional 10,479 shares in the last quarter. Ceredex Value Advisors LLC grew its position in Hexcel by 34.8% during the third quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company's stock worth $60,182,000 after buying an additional 251,062 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Hexcel by 52.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company's stock worth $36,246,000 after acquiring an additional 200,722 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Hexcel by 12.3% in the third 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 in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HXL. Royal Bank of Canada raised their price objective on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Truist Financial raised their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price target 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 downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Hexcel has a consensus rating of "Hold" and a consensus price target of $73.09.

Hexcel Stock Down 0.3 %

NYSE HXL traded down $0.21 during trading hours on Thursday, hitting $62.26. The company had a trading volume of 724,100 shares, compared to its average volume of 1,117,129. The firm's 50 day moving average is $64.83 and its 200 day moving average is $62.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Sell-side analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is a boost from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's payout ratio is presently 42.77%.

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.