Xponance Inc. Has $657,000 Stock Position in Hexcel Co. (NYSE:HXL)

Xponance Inc. boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 18.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,484 shares of the aerospace company’s stock after buying an additional 1,664 shares during the period. Xponance Inc.’s holdings in Hexcel were worth $657,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HXL. Brandes Investment Partners LP raised its holdings in shares of Hexcel by 99.6% during the fourth 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. Channing Capital Management LLC grew its position in Hexcel by 10.3% during the 4th quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock worth $70,768,000 after purchasing an additional 105,510 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $68,021,000 after purchasing an additional 24,133 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Hexcel by 249.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock valued at $51,142,000 after purchasing an additional 582,353 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Hexcel by 10.4% in the fourth quarter. Bank of New York Mellon Corp now owns 751,881 shares of the aerospace company’s stock worth $47,143,000 after buying an additional 70,533 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial upped their price target 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 increased their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada boosted their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

Shares of NYSE:HXL opened at $58.46 on Wednesday. The stock has a market capitalization of $4.74 billion, a P/E ratio of 36.77, a P/E/G ratio of 1.72 and a beta of 1.30. The business has a 50-day moving average of $62.77 and a two-hundred day moving average of $62.25. Hexcel Co. has a fifty-two week low of $55.25 and a fifty-two week high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities research analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were 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 dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio is currently 42.77%.

About Hexcel

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.