Natixis Advisors LLC Grows Stock Holdings in Hexcel Co. (NYSE:HXL)

Natixis Advisors LLC boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 28.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,363 shares of the aerospace company's stock after buying an additional 55,134 shares during the quarter. Natixis Advisors LLC owned 0.31% of Hexcel worth $15,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company's stock worth $98,966,000 after purchasing an additional 425,402 shares during the period. Brandes Investment Partners LP increased its stake in Hexcel by 99.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock worth $81,803,000 after buying an additional 651,062 shares during the period. Channing Capital Management LLC lifted its holdings in Hexcel by 10.3% during the 4th quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company's stock valued at $70,768,000 after buying an additional 105,510 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after buying an additional 24,133 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Hexcel by 10.4% in the 4th quarter. Bank of New York Mellon Corp now owns 751,881 shares of the aerospace company's stock valued at $47,143,000 after buying an additional 70,533 shares during the period. Institutional investors own 95.47% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target 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. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Truist Financial upped their price objective on shares of Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $73.09.

Hexcel Stock Down 1.8 %

HXL stock traded down $1.02 on Friday, hitting $55.80. 2,410,189 shares of the company's stock were exchanged, compared to its average volume of 913,107. The firm has a 50 day moving average price of $63.09 and a two-hundred day moving average price of $62.25. Hexcel Co. has a 12-month low of $55.25 and a 12-month high of $73.58. The stock has a market cap of $4.53 billion, a P/E ratio of 35.09, a price-to-earnings-growth 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 (NYSE:HXL - Get Free Report) last issued 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 return on equity of 10.66% and a net margin of 6.94%. As a group, equities research analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, February 7th. Hexcel's payout ratio is presently 42.77%.

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.