Fort Washington Investment Advisors Inc. OH Has $20.90 Million Position in Hexcel Co. (NYSE:HXL)

Fort Washington Investment Advisors Inc. OH grew its holdings in Hexcel Co. (NYSE:HXL) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,380 shares of the aerospace company’s stock after purchasing an additional 59,310 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Hexcel were worth $20,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Insigneo Advisory Services LLC lifted its stake in Hexcel by 3.7% in the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after buying an additional 172 shares during the period. UMB Bank n.a. lifted its position in shares of Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after acquiring an additional 202 shares during the period. GAMMA Investing LLC boosted its stake in Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 206 shares in the last quarter. Huntington National Bank grew its holdings in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the period. Finally, NBW Capital LLC increased its stake in Hexcel by 1.1% in the second quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock valued at $1,702,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $68.00 to $74.00 in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price target on shares of Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.33.

Hexcel Stock Performance

Shares of HXL stock opened at $68.52 on Thursday. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The company has a market cap of $5.55 billion, a P/E ratio of 52.30, a P/E/G ratio of 1.88 and a beta of 1.30. The firm has a 50-day moving average of $63.36 and a 200-day moving average of $62.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Equities research analysts forecast that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 45.80%.

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.