13,570 Shares in Hexcel Co. (NYSE:HXL) Acquired by Aviso Financial Inc.

Aviso Financial Inc. bought a new position in Hexcel Co. (NYSE:HXL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,570 shares of the aerospace company’s stock, valued at approximately $851,000.

Several other hedge funds have also modified their holdings of the stock. HighTower Advisors LLC lifted its position in Hexcel by 1.8% during the fourth quarter. HighTower Advisors LLC now owns 19,069 shares of the aerospace company’s stock valued at $1,196,000 after buying an additional 339 shares in the last quarter. Channing Capital Management LLC lifted its position in Hexcel by 10.3% during the fourth 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hexcel by 13.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,354 shares of the aerospace company’s stock valued at $1,276,000 after buying an additional 2,487 shares in the last quarter. Amundi lifted its position in Hexcel by 24.9% during the fourth quarter. Amundi now owns 140,060 shares of the aerospace company’s stock valued at $9,080,000 after buying an additional 27,943 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Hexcel during the fourth quarter valued at approximately $263,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Up 1.8 %

Shares of NYSE:HXL opened at $56.47 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $63.84 and a 200 day simple moving average of $62.48. The firm has a market cap of $4.58 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 12-month low of $55.24 and a 12-month high of $73.58.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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 anticipate that Hexcel Co. will post 2.14 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 paid a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.20%. Hexcel’s payout ratio is presently 42.77%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HXL shares. Royal Bank of Canada lifted their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company boosted their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.