Fisher Asset Management LLC Boosts Stake in Hexcel Co. (NYSE:HXL)

Fisher Asset Management LLC grew its stake in Hexcel Co. (NYSE:HXL) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,409 shares of the aerospace company’s stock after acquiring an additional 968 shares during the quarter. Fisher Asset Management LLC’s holdings in Hexcel were worth $5,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HXL. State of Alaska Department of Revenue lifted its stake in shares of Hexcel by 3.7% during the third quarter. State of Alaska Department of Revenue now owns 9,492 shares of the aerospace company’s stock valued at $586,000 after buying an additional 340 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Hexcel by 13.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,592 shares of the aerospace company’s stock worth $284,000 after buying an additional 535 shares during the last quarter. US Bancorp DE grew its holdings in Hexcel by 2.7% in the 3rd quarter. US Bancorp DE now owns 41,444 shares of the aerospace company’s stock valued at $2,562,000 after buying an additional 1,074 shares during the period. Gladstone Institutional Advisory LLC increased its stake in shares of Hexcel by 26.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,127 shares of the aerospace company’s stock valued at $379,000 after acquiring an additional 1,279 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Hexcel by 5.6% in the third quarter. Janney Montgomery Scott LLC now owns 43,279 shares of the aerospace company’s stock valued at $2,676,000 after purchasing an additional 2,287 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

HXL has been the subject of a number of research analyst reports. Truist Financial upped their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada increased their price objective 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel Stock Performance

NYSE:HXL opened at $59.06 on Wednesday. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The stock has a market cap of $4.79 billion, a P/E ratio of 37.15, a PEG ratio of 1.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a 50-day moving average of $64.72 and a two-hundred day moving average of $62.81.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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%. On average, research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 42.77%.

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.