Ensign Peak Advisors Inc Grows Position in Hexcel Co. (NYSE:HXL)

Ensign Peak Advisors Inc raised its stake in shares of Hexcel Co. (NYSE:HXL) by 38.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 237,786 shares of the aerospace company’s stock after purchasing an additional 65,698 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Hexcel were worth $14,909,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HXL. UMB Bank n.a. increased its holdings in shares of Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after buying an additional 202 shares during the last quarter. Huntington National Bank increased its stake 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 acquiring an additional 204 shares during the last quarter. GAMMA Investing LLC increased its stake in Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Hexcel by 4.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 218 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock valued at $2,243,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

HXL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. Wells Fargo & Company dropped their price objective on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Truist Financial cut their target price on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley decreased their price target on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada lowered their price target on Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.20.

Hexcel Stock Performance

Hexcel stock opened at $51.72 on Monday. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $73.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The firm’s fifty day moving average price is $53.24 and its 200 day moving average price is $59.86.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $482.18 million. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, research analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, May 2nd. Hexcel’s payout ratio is 45.03%.

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.