Intech Investment Management LLC boosted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 139.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,350 shares of the aerospace company's stock after acquiring an additional 103,199 shares during the quarter. Intech Investment Management LLC owned about 0.22% of Hexcel worth $11,120,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in shares of Hexcel during the third quarter valued at approximately $30,000. Allworth Financial LP grew its stake in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel in the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC boosted its holdings in shares of Hexcel by 100.0% in the fourth 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. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hexcel in the fourth quarter valued at approximately $57,000. 95.47% of the stock is owned by institutional investors.
Hexcel Stock Performance
Shares of NYSE HXL traded down $1.02 during mid-day trading on Friday, hitting $55.80. The stock had a trading volume of 2,410,189 shares, compared to its average volume of 913,107. The company has a 50 day moving average of $63.09 and a two-hundred day moving average of $62.25. The firm has a market cap of $4.53 billion, a PE ratio of 35.09, a PEG 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. Hexcel Co. has a twelve month low of $55.25 and a twelve month high of $73.58.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Research analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.22%. 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 weighed in on the company. Wells Fargo & Company upped their target price on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a report on Monday, March 17th. Royal Bank of Canada increased their price objective on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Truist Financial increased their price objective on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $73.09.
Check Out Our Latest Stock Analysis on HXL
Hexcel Profile
(
Free Report)
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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