Hexcel Co. (NYSE:HXL) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Hexcel Co. (NYSE:HXL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,767 shares of the aerospace company’s stock after buying an additional 3,084 shares during the period. Rhumbline Advisers owned approximately 0.29% of Hexcel worth $14,594,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Speece Thorson Capital Group Inc. increased its stake in Hexcel by 15.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after buying an additional 32,960 shares during the period. Barclays PLC increased its stake in Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Hexcel by 12.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after buying an additional 63,730 shares during the period. FMR LLC increased its stake in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after buying an additional 8,135 shares during the period. Finally, Kopion Asset Management LLC increased its stake in Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after buying an additional 9,861 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $62.68 on Friday. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The company has a 50-day moving average of $64.88 and a two-hundred day moving average of $62.81. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 1.72 and a beta of 1.31. 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 (NYSE:HXL) last announced its 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%. On average, equities research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

Wall Street Analysts Forecast Growth

HXL has been the topic of several recent research reports. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial lifted 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus target price 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.