Thrivent Financial for Lutherans Increases Holdings in Hexcel Co. (NYSE:HXL)

Thrivent Financial for Lutherans raised its stake in shares of Hexcel Co. (NYSE:HXL) by 249.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 815,658 shares of the aerospace company’s stock after buying an additional 582,353 shares during the quarter. Thrivent Financial for Lutherans owned about 1.01% of Hexcel worth $51,142,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in Hexcel during the third quarter valued at $30,000. Allworth Financial LP raised its stake in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the fourth quarter valued at $49,000. Manchester Capital Management LLC raised its stake in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Hexcel during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Up 1.7 %

Hexcel stock opened at $57.90 on Thursday. The stock has a market cap of $4.70 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a one year low of $55.25 and a one year high of $73.58. The stock has a fifty day moving average of $63.42 and a 200 day moving average of $62.34.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, sell-side analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is currently 42.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HXL shares. Deutsche Bank Aktiengesellschaft decreased their price target 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 boosted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial boosted their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.