Hexcel Co. (NYSE:HXL) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,482,249 shares of the aerospace company’s stock after purchasing an additional 122,281 shares during the period. Sei Investments Co.’s holdings in Hexcel were worth $92,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after purchasing an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Hexcel by 12.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after purchasing an additional 63,730 shares during the period. FMR LLC grew its position in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after purchasing an additional 8,135 shares during the period. Charles Schwab Investment Management Inc. grew its position in Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after purchasing an additional 24,133 shares during the period. Finally, Kopion Asset Management LLC grew its position in Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after purchasing an additional 9,861 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on HXL. Royal Bank of Canada raised their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Truist Financial raised their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Trading Down 1.8 %

HXL opened at $55.80 on Friday. 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’s 50 day simple moving average is $63.09 and its two-hundred day simple moving average is $62.27. Hexcel Co. has a 1-year low of $55.25 and a 1-year high of $73.58. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. Analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal 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 represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is presently 42.77%.

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.