Hexcel Co. (NYSE:HXL) Position Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 62.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,300 shares of the aerospace company's stock after acquiring an additional 14,307 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Hexcel were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its stake in shares of Hexcel by 9.0% during the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock worth $92,938,000 after purchasing an additional 122,281 shares in the last quarter. Brandes Investment Partners LP lifted its position in Hexcel by 99.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock worth $81,803,000 after acquiring an additional 651,062 shares in the last quarter. American Century Companies Inc. boosted its holdings in Hexcel by 66.9% in the 4th quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company's stock worth $75,123,000 after acquiring an additional 480,207 shares during the period. Channing Capital Management LLC grew its position in Hexcel by 10.3% in the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company's stock valued at $70,768,000 after acquiring an additional 105,510 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after purchasing an additional 24,133 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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. TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. Barclays reduced their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $72.25.

Hexcel Stock Performance

Shares of Hexcel stock traded down $3.11 during trading hours on Friday, reaching $48.27. The company's stock had a trading volume of 1,614,070 shares, compared to its average volume of 967,457. 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 one year low of $46.21 and a one year high of $73.58. The company's 50 day simple moving average is $60.70 and its 200 day simple moving average is $61.91. The stock has a market cap of $3.88 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.41%. Hexcel's dividend payout ratio (DPR) is currently 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.