Hexcel Co. (NYSE:HXL) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,713 shares of the aerospace company’s stock after acquiring an additional 713 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Hexcel were worth $296,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Speece Thorson Capital Group Inc. grew its holdings in Hexcel by 15.6% in 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 grew its holdings in shares of Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after purchasing an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of 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 worth $35,957,000 after purchasing an additional 63,730 shares during the period. FMR LLC grew its holdings 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 purchasing an additional 8,135 shares during the period. Finally, Kopion Asset Management LLC grew its holdings in shares of Hexcel by 11.2% during the 4th 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. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $65.56 on Friday. The business’s 50 day moving average is $64.75 and its two-hundred day moving average is $62.74. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 1.84 and a beta of 1.31. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Analysts forecast that Hexcel Co. will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio is presently 37.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HXL. BMO Capital Markets decreased their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. UBS Group boosted their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Truist Financial boosted their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price target on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel presently has an average rating of “Hold” and an average price target of $73.09.

About Hexcel

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.