HighTower Advisors LLC Has $1.20 Million Stock Position in Hexcel Co. (NYSE:HXL)

HighTower Advisors LLC raised its stake in Hexcel Co. (NYSE:HXL) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 19,069 shares of the aerospace company’s stock after buying an additional 339 shares during the quarter. HighTower Advisors LLC’s holdings in Hexcel were worth $1,196,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Hexcel by 32.1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after purchasing an additional 17,011 shares during the last quarter. FMR LLC boosted its position in Hexcel by 11.7% in the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after buying an additional 8,135 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after buying an additional 24,133 shares during the period. Kopion Asset Management LLC raised its position in shares of Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after acquiring an additional 9,861 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Hexcel during the fourth quarter valued at $242,000. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

NYSE HXL opened at $58.46 on Wednesday. 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 stock has a market cap of $4.74 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.72 and a beta of 1.30. The business has a 50 day simple moving average of $62.77 and a 200 day simple moving average of $62.25. Hexcel Co. has a 52-week low of $55.25 and a 52-week high of $73.58.

Hexcel (NYSE:HXL) last announced 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 anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio is currently 42.77%.

Analyst Upgrades and Downgrades

HXL has been the subject of a number of research reports. Truist Financial lifted their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Wells Fargo & Company raised their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded shares of 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 issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.