Sei Investments Co. Acquires 122,281 Shares of Hexcel Co. (NYSE:HXL)

Sei Investments Co. grew its holdings in shares of Hexcel Co. (NYSE:HXL) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,482,249 shares of the aerospace company’s stock after buying an additional 122,281 shares during the quarter. Sei Investments Co. owned 1.83% of Hexcel worth $92,938,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. grew its stake in Hexcel by 66.9% in the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock worth $75,123,000 after purchasing an additional 480,207 shares in the last quarter. Millstone Evans Group LLC bought a new position in Hexcel in the fourth quarter worth approximately $81,000. Xponance Inc. grew its stake in Hexcel by 18.9% in the fourth quarter. Xponance Inc. now owns 10,484 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 1,664 shares in the last quarter. Intech Investment Management LLC grew its stake in Hexcel by 139.2% in the fourth quarter. Intech Investment Management LLC now owns 177,350 shares of the aerospace company’s stock worth $11,120,000 after purchasing an additional 103,199 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Hexcel by 8.8% in the fourth quarter. Advisors Asset Management Inc. now owns 37,703 shares of the aerospace company’s stock worth $2,364,000 after purchasing an additional 3,046 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $55.80 on Friday. Hexcel Co. has a 12 month low of $55.25 and a 12 month high of $73.58. The stock has a fifty day moving average price of $63.09 and a 200-day moving average price of $62.27. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.53 billion, a PE ratio of 35.09, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 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%. Equities research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio is presently 42.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HXL. Truist Financial increased their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price objective on 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 upped their target price on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a report on Monday, February 24th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.09.

About Hexcel

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.