Copeland Capital Management LLC Acquires 129,335 Shares of Hexcel Co. (NYSE:HXL)

Copeland Capital Management LLC raised its holdings in shares of Hexcel Co. (NYSE:HXL) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,161,415 shares of the aerospace company’s stock after purchasing an additional 129,335 shares during the quarter. Hexcel accounts for approximately 1.2% of Copeland Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Copeland Capital Management LLC’s holdings in Hexcel were worth $71,810,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Summit Financial LLC increased its holdings in Hexcel by 2.9% during the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock valued at $335,000 after buying an additional 153 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Hexcel by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock valued at $542,000 after acquiring an additional 182 shares during the period. Bleakley Financial Group LLC raised its position in shares of Hexcel by 6.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock worth $212,000 after acquiring an additional 187 shares in the last quarter. Centerpoint Advisors LLC lifted its stake in shares of Hexcel by 44.6% during the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 223 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after purchasing an additional 276 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Up 1.4 %

Hexcel stock opened at $63.61 on Tuesday. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The stock has a 50-day moving average price of $61.54 and a 200 day moving average price of $64.40. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 54.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Hexcel’s dividend payout ratio (DPR) is currently 51.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HXL shares. UBS Group reduced their target price on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. Morgan Stanley cut their price target on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Finally, Truist Financial lowered their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.08.

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.