Harel Insurance Investments & Financial Services Ltd. Has $383,000 Position in Hexcel Co. (NYSE:HXL)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Hexcel Co. (NYSE:HXL) by 50.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,115 shares of the aerospace company’s stock after acquiring an additional 2,052 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Hexcel were worth $383,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HXL. AQR Capital Management LLC lifted its stake in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after purchasing an additional 1,246,765 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Hexcel by 307.1% during the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after acquiring an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Hexcel by 215.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after acquiring an additional 590,975 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Hexcel by 36.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after acquiring an additional 425,402 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in Hexcel by 34.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock worth $60,182,000 after purchasing an additional 251,062 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HXL has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group increased their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.25.

Hexcel Stock Performance

NYSE:HXL opened at $67.48 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $63.73 and a 200 day moving average price of $62.71. The firm has a market capitalization of $5.47 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. Research analysts anticipate that Hexcel Co. will post 2.34 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.17 per share. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is currently 37.74%.

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.