17,300 Shares in Hexcel Co. (NYSE:HXL) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,300 shares of the aerospace company's stock, valued at approximately $1,085,000.

Several other institutional investors have also made changes to their positions in the business. Insigneo Advisory Services LLC lifted its stake in Hexcel by 3.7% during the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock worth $300,000 after purchasing an additional 172 shares during the period. UMB Bank n.a. lifted its position in shares of Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after buying an additional 202 shares during the period. GAMMA Investing LLC boosted its stake in Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after buying an additional 206 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock valued at $2,728,000 after acquiring an additional 232 shares during the period. Finally, M&T Bank Corp raised its stake in Hexcel by 5.8% during the fourth quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company's stock worth $325,000 after acquiring an additional 283 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Trading Down 8.3 %

NYSE:HXL traded down $4.67 on Thursday, hitting $51.41. 1,547,895 shares of the stock were exchanged, compared to its average volume of 963,345. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 32.33, a P/E/G 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 52 week low of $51.23 and a 52 week high of $73.58. The company's 50-day moving average price is $61.09 and its 200 day moving average price is $61.98.

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

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.17 dividend. This is a positive change from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is currently 42.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Wells Fargo & Company boosted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Barclays decreased their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, Truist Financial decreased their price target on Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $72.25.

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.