Pier Capital LLC Buys 21,800 Shares of Hexcel Co. (NYSE:HXL)

Pier Capital LLC grew its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,153 shares of the aerospace company's stock after purchasing an additional 21,800 shares during the period. Pier Capital LLC owned approximately 0.17% of Hexcel worth $8,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HXL. Barclays PLC grew its position in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock worth $4,330,000 after buying an additional 17,011 shares during the last quarter. FMR LLC boosted its stake in shares of Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after acquiring an additional 8,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $68,021,000 after acquiring an additional 24,133 shares during the last quarter. Kopion Asset Management LLC raised its position in shares of Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock worth $6,142,000 after purchasing an additional 9,861 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in shares of Hexcel during the fourth quarter valued at $242,000. Institutional investors and hedge funds own 95.47% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on HXL shares. TD Cowen raised Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada lifted their target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. Truist Financial lowered their price objective on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company increased their target price on Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Hexcel currently has an average rating of "Hold" and a consensus price target of $72.64.

Hexcel Stock Down 3.1 %

HXL traded down $1.82 during trading on Friday, reaching $56.28. 777,864 shares of the stock traded hands, compared to its average volume of 950,556. 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 fifty-two week low of $55.25 and a fifty-two week high of $73.58. The stock's 50-day simple moving average is $62.23 and its two-hundred day simple moving average is $62.17. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate 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 year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Hexcel's previous quarterly dividend of $0.15. 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.