Hexcel Corporation (NYSE:HXL) Stake Lifted by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in shares of Hexcel Corporation (NYSE:HXL) by 37.9% in the 1st quarter, Holdings Channel reports. The firm owned 36,184 shares of the aerospace company’s stock after buying an additional 9,949 shares during the period. Motley Fool Asset Management LLC’s holdings in Hexcel were worth $1,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Earnest Partners LLC lifted its stake in Hexcel by 0.8% during the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after purchasing an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Hexcel by 4,372.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock valued at $156,919,000 after purchasing an additional 2,446,716 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Hexcel by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company’s stock valued at $110,280,000 after purchasing an additional 17,512 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hexcel by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock valued at $90,104,000 after purchasing an additional 24,393 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Hexcel by 6.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,330,380 shares of the aerospace company’s stock valued at $83,415,000 after purchasing an additional 86,435 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on HXL shares. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. Truist Financial reduced their price target on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. UBS Group upped their price target on shares of Hexcel from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Morgan Stanley upped their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.33.

Hexcel Stock Down 0.2%

Hexcel stock opened at $60.20 on Tuesday. The firm has a market cap of $4.79 billion, a PE ratio of 55.74, a P/E/G ratio of 2.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The firm’s 50 day moving average price is $58.17 and its two-hundred day moving average price is $57.04. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. The firm had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, research analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 8th. Hexcel’s dividend payout ratio is currently 62.96%.

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.