Manchester Capital Management LLC Boosts Stock Holdings in Hexcel Co. (NYSE:HXL)

Manchester Capital Management LLC boosted its position in shares of Hexcel Co. (NYSE:HXL) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 840 shares of the aerospace company’s stock after buying an additional 420 shares during the period. Manchester Capital Management LLC’s holdings in Hexcel were worth $53,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Speece Thorson Capital Group Inc. lifted its holdings in Hexcel by 15.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after acquiring an additional 32,960 shares during the last quarter. Barclays PLC lifted its holdings in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after acquiring an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after acquiring an additional 63,730 shares during the last quarter. FMR LLC lifted its holdings in Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after acquiring an additional 8,135 shares during the last quarter. Finally, Kopion Asset Management LLC lifted its holdings in Hexcel by 11.2% in the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after acquiring an additional 9,861 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Price Performance

Shares of HXL opened at $65.56 on Friday. 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 company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The firm has a 50-day simple moving average of $64.75 and a 200-day simple moving average of $62.74.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting 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 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The business 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 37.74%.

Analysts Set New Price Targets

A number of research firms recently commented on HXL. Royal Bank of Canada upped their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Thursday, December 19th. UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.