Intech Investment Management LLC Raises Stake in Hexcel Co. (NYSE:HXL)

Intech Investment Management LLC boosted its position in Hexcel Co. (NYSE:HXL) by 139.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 177,350 shares of the aerospace company’s stock after acquiring an additional 103,199 shares during the period. Intech Investment Management LLC owned 0.22% of Hexcel worth $11,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in Hexcel by 8.8% in the 4th quarter. Advisors Asset Management Inc. now owns 37,703 shares of the aerospace company’s stock valued at $2,364,000 after acquiring an additional 3,046 shares during the period. Thrivent Financial for Lutherans raised its stake in Hexcel by 249.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock valued at $51,142,000 after acquiring an additional 582,353 shares during the period. Natixis Advisors LLC raised its stake in Hexcel by 28.1% in the 4th quarter. Natixis Advisors LLC now owns 251,363 shares of the aerospace company’s stock valued at $15,760,000 after acquiring an additional 55,134 shares during the period. Brandes Investment Partners LP increased its position 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 buying an additional 651,062 shares during the period. Finally, Aviso Financial Inc. bought a new stake in shares of Hexcel during the fourth quarter valued at about $851,000. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

NYSE:HXL opened at $57.19 on Tuesday. The firm has a market cap of $4.64 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. 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 quick ratio of 1.20 and a current ratio of 2.21. The business has a 50 day moving average price of $63.71 and a 200-day moving average price of $62.42.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, February 7th. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is currently 42.77%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. 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. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.