Sei Investments Co. Grows Stock Position in Hexcel Co. (NYSE:HXL)

Sei Investments Co. raised its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,482,249 shares of the aerospace company's stock after acquiring an additional 122,281 shares during the period. Sei Investments Co. owned approximately 1.83% of Hexcel worth $92,938,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HXL. True Wealth Design LLC purchased a new stake in shares of Hexcel in the 3rd quarter valued at $30,000. Allworth Financial LP raised its holdings in 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel in the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC boosted its position in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel in the 4th quarter worth about $57,000. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Down 1.8 %

Shares of NYSE:HXL traded down $1.04 during trading hours on Thursday, hitting $58.08. The company's stock had a trading volume of 893,606 shares, compared to its average volume of 917,888. The firm's fifty day moving average price is $62.60 and its 200 day moving average price is $62.22. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

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

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is presently 42.77%.

Analyst Ratings Changes

HXL has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Hexcel from $81.00 to $87.00 and gave the company an "overweight" 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. Royal Bank of Canada raised their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Truist Financial lifted their target price on shares of Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, TD Cowen raised Hexcel to a "hold" rating in a 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $73.09.

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.