Allworth Financial LP Has $42,000 Stock Position in Hexcel Co. (NYSE:HXL)

Allworth Financial LP raised its stake in Hexcel Co. (NYSE:HXL) by 1,069.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 620 shares of the aerospace company’s stock after purchasing an additional 567 shares during the period. Allworth Financial LP’s holdings in Hexcel were worth $42,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HXL. Massachusetts Financial Services Co. MA increased its stake in Hexcel by 36.2% during 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 purchasing an additional 425,402 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 worth $65,585,000 after purchasing an additional 10,479 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in Hexcel by 34.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after buying an additional 251,062 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 valued at $36,246,000 after acquiring an additional 200,722 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Hexcel by 12.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after acquiring an additional 63,730 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Down 0.2 %

NYSE HXL opened at $62.30 on Wednesday. The firm has a market cap of $5.05 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The stock has a 50-day moving average of $64.81 and a 200-day moving average of $62.83. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting 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, sell-side analysts forecast that Hexcel Co. will post 2.14 EPS 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 given a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is currently 42.77%.

Wall Street Analyst Weigh In

HXL has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their target price on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Truist Financial upped their target price on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.