Massachusetts Financial Services Co. MA Purchases 395,744 Shares of Hexcel Co. (NYSE:HXL)

Massachusetts Financial Services Co. MA raised its holdings in Hexcel Co. (NYSE:HXL) by 24.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,996,363 shares of the aerospace company’s stock after purchasing an additional 395,744 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Hexcel were worth $125,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HXL. Sei Investments Co. lifted its stake in shares of Hexcel by 9.0% during the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after buying an additional 122,281 shares during the last quarter. Brandes Investment Partners LP raised its holdings in Hexcel by 99.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock valued at $81,803,000 after acquiring an additional 651,062 shares during the period. American Century Companies Inc. lifted its position in Hexcel by 66.9% during the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock worth $75,123,000 after acquiring an additional 480,207 shares during the last quarter. Channing Capital Management LLC boosted its holdings in shares of Hexcel by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock worth $70,768,000 after acquiring an additional 105,510 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Hexcel by 2.3% in 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 purchasing an additional 24,133 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Performance

NYSE HXL opened at $48.27 on Friday. The firm’s 50 day simple moving average is $60.70 and its 200 day simple moving average is $61.89. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 1 year low of $46.21 and a 1 year high of $73.58.

Hexcel (NYSE:HXL) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid 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 annualized dividend and a yield of 1.41%. Hexcel’s payout ratio is presently 42.77%.

Analysts Set New Price Targets

Several research firms recently weighed in on HXL. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Wells Fargo & Company lifted their target price on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Barclays decreased their price target on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Truist Financial dropped their price objective on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $72.25.

Hexcel Company 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.