Hexcel Co. (NYSE:HXL) Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in shares of Hexcel Co. (NYSE:HXL) by 57.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,568 shares of the aerospace company’s stock after purchasing an additional 1,304 shares during the period. KBC Group NV’s holdings in Hexcel were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HXL. Massachusetts Financial Services Co. MA boosted its stake in shares of Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after buying an additional 425,402 shares during the period. Copeland Capital Management LLC lifted its position in Hexcel by 12.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock worth $71,810,000 after acquiring an additional 129,335 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Hexcel by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock valued at $65,585,000 after purchasing an additional 10,479 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of Hexcel by 34.8% in the third quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after purchasing an additional 251,062 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Hexcel by 52.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock worth $36,246,000 after purchasing an additional 200,722 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Down 0.9 %

NYSE:HXL opened at $64.14 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $64.49 and a 200-day simple moving average of $62.67. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The company has a market capitalization of $5.19 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31.

Hexcel (NYSE:HXL) last issued its quarterly earnings data 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 net margin of 6.94% and a return on equity of 10.66%. On average, equities research analysts expect that Hexcel Co. will post 2.16 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 37.74%.

Analyst Ratings Changes

Several brokerages have issued reports on HXL. BMO Capital Markets dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial lifted their price objective on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, UBS Group lifted their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.09.

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.