Advisors Asset Management Inc. Grows Position in Hexcel Co. (NYSE:HXL)

Advisors Asset Management Inc. boosted its stake in Hexcel Co. (NYSE:HXL) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,703 shares of the aerospace company’s stock after buying an additional 3,046 shares during the quarter. Advisors Asset Management Inc.’s holdings in Hexcel were worth $2,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. 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 valued at $98,966,000 after buying an additional 425,402 shares during the last quarter. Brandes Investment Partners LP raised its position 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 valued at $81,803,000 after buying an additional 651,062 shares during the last quarter. Channing Capital Management LLC raised its position in Hexcel by 10.3% in 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 during the last quarter. Charles Schwab Investment Management Inc. raised 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 last quarter. Finally, Thrivent Financial for Lutherans raised its position in Hexcel by 249.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock valued at $51,142,000 after buying an additional 582,353 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Down 1.8 %

Shares of HXL opened at $55.80 on Friday. Hexcel Co. has a fifty-two week low of $55.25 and a fifty-two week high of $73.58. The business has a 50-day moving average of $63.09 and a 200 day moving average of $62.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The firm 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.

Hexcel (NYSE:HXL) last issued 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 return on equity of 10.66% and a net margin of 6.94%. As a group, research analysts forecast that Hexcel Co. will post 2.14 EPS for the current 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 paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.22%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. Truist Financial raised their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.