Intech Investment Management LLC Purchases 103,199 Shares of Hexcel Co. (NYSE:HXL)

Intech Investment Management LLC boosted its position in Hexcel Co. (NYSE:HXL) by 139.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,350 shares of the aerospace company’s stock after purchasing an additional 103,199 shares during the quarter. Intech Investment Management LLC’s holdings in Hexcel were worth $11,120,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in Hexcel by 36.2% in 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 purchasing an additional 425,402 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Hexcel by 99.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock worth $81,803,000 after purchasing an additional 651,062 shares in the last quarter. Channing Capital Management LLC raised its holdings in Hexcel by 10.3% in the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock worth $70,768,000 after purchasing an additional 105,510 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after acquiring an additional 24,133 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Hexcel by 249.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock valued at $51,142,000 after acquiring an additional 582,353 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

NYSE HXL opened at $57.19 on Tuesday. The company has a market cap of $4.64 billion, a P/E ratio of 35.97, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business’s 50 day moving average price is $63.71 and its 200-day moving average price is $62.42. Hexcel Co. has a fifty-two week low of $55.25 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Sell-side analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Hexcel’s dividend payout ratio is presently 42.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HXL shares. Wells Fargo & Company raised their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a report on Monday, February 24th. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Truist Financial raised their price target on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company 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.