Invesco Ltd. Increases Stake in Hexcel Co. (NYSE:HXL)

Invesco Ltd. lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 729,995 shares of the aerospace company’s stock after purchasing an additional 46,983 shares during the quarter. Invesco Ltd. owned 0.90% of Hexcel worth $45,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its stake in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel in the fourth quarter worth $49,000. Manchester Capital Management LLC boosted its stake in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Hexcel during the fourth quarter worth about $57,000. Finally, Huntington National Bank grew its position in Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after buying an additional 204 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HXL. Barclays dropped their price target on Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $55.00 price objective (down from $63.00) on shares of Hexcel in a report on Tuesday. TD Cowen raised Hexcel to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada lifted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Morgan Stanley reduced their price objective on Hexcel from $61.00 to $50.00 and set an “underperform” rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.00.

Hexcel Stock Performance

NYSE:HXL opened at $52.23 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $73.58. The business has a 50 day moving average price of $58.08 and a 200-day moving average price of $61.24. The firm has a market cap of $4.20 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Hexcel (NYSE:HXL) last announced 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%. Equities research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given 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 of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. Hexcel’s dividend payout ratio is presently 42.77%.

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.