Hexcel Co. (NYSE:HXL) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 67,506.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,747 shares of the aerospace company's stock after acquiring an additional 29,703 shares during the period. Meeder Asset Management Inc.'s holdings in Hexcel were worth $1,865,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Hexcel by 876.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 292,760 shares of the aerospace company's stock valued at $18,356,000 after buying an additional 262,785 shares during the period. Brown Brothers Harriman & Co. grew its position in Hexcel by 61.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,272 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 486 shares during the period. Heartland Advisors Inc. increased its stake in Hexcel by 10.4% during the fourth quarter. Heartland Advisors Inc. now owns 121,409 shares of the aerospace company's stock worth $7,612,000 after acquiring an additional 11,409 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Hexcel by 13.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,174 shares of the aerospace company's stock worth $826,000 after purchasing an additional 1,607 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Hexcel in the 4th quarter valued at about $412,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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Hexcel Stock Down 7.1 %

NYSE HXL traded down $3.66 during trading hours on Friday, reaching $47.72. 515,535 shares of the company traded hands, compared to its average volume of 961,744. The stock has a market capitalization of $3.84 billion, a PE ratio of 29.94, a PEG ratio of 1.72 and a beta of 1.08. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12 month low of $45.21 and a 12 month high of $73.58. The company has a 50 day moving average of $61.09 and a two-hundred day moving average of $61.98.

Hexcel (NYSE:HXL - Get Free Report) last issued 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 net margin of 6.94% and a return on equity of 10.66%. As a group, equities analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio is currently 42.77%.

Analyst Ratings Changes

Several research firms recently commented on HXL. Royal Bank of Canada raised their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Truist Financial lowered their price target on Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. Finally, StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Hexcel currently has a consensus rating of "Hold" and an average target price of $72.25.

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.