Massachusetts Financial Services Co. MA Grows Position in Hexcel Co. (NYSE:HXL)

Massachusetts Financial Services Co. MA increased its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,996,363 shares of the aerospace company's stock after buying an additional 395,744 shares during the period. Massachusetts Financial Services Co. MA owned about 2.46% of Hexcel worth $125,172,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays lowered 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 note on Tuesday, April 1st. TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. 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. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Finally, Truist Financial dropped their price target on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Two equities research 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.25.

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Hexcel Price Performance

HXL traded down $2.79 on Thursday, reaching $50.48. 246,405 shares of the company's stock were exchanged, compared to its average volume of 972,468. The stock has a market cap of $4.06 billion, a PE ratio of 31.71, a P/E/G 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 Co. has a twelve month low of $45.28 and a twelve month high of $73.58. The stock's fifty day moving average price is $59.06 and its 200-day moving average price is $61.50.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS 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%. Sell-side analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Hexcel's previous quarterly dividend of $0.15. Hexcel's payout ratio is 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.