Barclays PLC Buys 10,392 Shares of Hexcel Co. (NYSE:HXL)

Barclays PLC raised its stake in Hexcel Co. (NYSE:HXLFree Report) by 21.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 59,649 shares of the aerospace company’s stock after buying an additional 10,392 shares during the quarter. Barclays PLC’s holdings in Hexcel were worth $3,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Hexcel by 1.2% in the 1st quarter. BlackRock Inc. now owns 9,171,181 shares of the aerospace company’s stock worth $625,933,000 after purchasing an additional 112,122 shares during the last quarter. Morgan Stanley increased its stake in shares of Hexcel by 838.6% in the 4th quarter. Morgan Stanley now owns 6,810,199 shares of the aerospace company’s stock valued at $400,780,000 after acquiring an additional 6,084,592 shares during the last quarter. State Street Corp raised its stake in Hexcel by 11.2% during the 1st quarter. State Street Corp now owns 3,409,631 shares of the aerospace company’s stock worth $202,771,000 after buying an additional 344,711 shares during the period. Eaton Vance Management lifted its holdings in Hexcel by 4.4% during the first quarter. Eaton Vance Management now owns 2,476,907 shares of the aerospace company’s stock worth $147,301,000 after acquiring an additional 103,891 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Hexcel by 3.5% in the first quarter. Wellington Management Group LLP now owns 2,394,575 shares of the aerospace company’s stock valued at $142,405,000 after acquiring an additional 80,765 shares during the period. Institutional investors and hedge funds own 94.71% of the company’s stock.

Hexcel Price Performance

NYSE:HXL opened at $72.89 on Monday. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $79.08. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 58.78, a P/E/G ratio of 1.36 and a beta of 1.22. The stock’s 50 day moving average price is $71.22 and its two-hundred day moving average price is $68.83. The company has a quick ratio of 1.68, a current ratio of 2.74 and a debt-to-equity ratio of 0.41.

Hexcel (NYSE:HXLGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $474.01 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. On average, analysts anticipate that Hexcel Co. will post 2.24 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 9th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, February 8th. This is an increase from Hexcel’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.82%. Hexcel’s dividend payout ratio (DPR) is 48.39%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial upgraded Hexcel from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $96.00 in a research report on Wednesday, January 10th. Wells Fargo & Company reduced their target price on shares of Hexcel from $81.00 to $78.00 and set an “equal weight” rating for the company in a research note on Monday, January 29th. The Goldman Sachs Group raised Hexcel from a “sell” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $70.00 in a research note on Wednesday, January 10th. Northcoast Research began coverage on Hexcel in a research report on Tuesday, November 28th. They set a “buy” rating and a $80.00 price objective for the company. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $76.77.

Read Our Latest Report on Hexcel

About Hexcel

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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