JPMorgan Chase & Co. Has $63.82 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

JPMorgan Chase & Co. grew its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,017,787 shares of the aerospace company's stock after acquiring an additional 114,620 shares during the period. JPMorgan Chase & Co. owned about 1.25% of Hexcel worth $63,815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HXL. Allworth Financial LP grew its stake in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Hexcel in the 4th quarter worth about $49,000. Manchester Capital Management LLC increased 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 worth $53,000 after purchasing an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hexcel in the 4th quarter valued at about $57,000. Finally, GAMMA Investing LLC lifted its position in shares of Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Stock Up 12.3 %

HXL traded up $5.82 during trading on Wednesday, reaching $53.31. The company had a trading volume of 1,569,432 shares, compared to its average volume of 975,214. The business's fifty day moving average price is $59.06 and its 200 day moving average price is $61.50. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58. The company has a market cap of $4.29 billion, a P/E ratio of 33.53, a PEG ratio of 1.72 and a beta of 1.08. 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 (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. This is a boost from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, February 7th. Hexcel's payout ratio is 42.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Truist Financial cut their price objective on Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. Barclays dropped their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company reduced their price target on shares of Hexcel from $87.00 to $63.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Hexcel has a consensus rating of "Hold" and an average price target of $70.25.

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.