Hexcel Co. (NYSE:HXL) Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. grew its stake in Hexcel Co. (NYSE:HXL) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,409 shares of the aerospace company’s stock after acquiring an additional 11,409 shares during the quarter. Heartland Advisors Inc. owned about 0.15% of Hexcel worth $7,612,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Hexcel during the 3rd quarter worth about $30,000. Allworth Financial LP boosted its position in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Hexcel in the 4th quarter worth approximately $49,000. Manchester Capital Management LLC raised its holdings in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 420 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel during the 4th quarter worth $57,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Down 3.1 %

NYSE HXL opened at $56.28 on Friday. The stock has a market cap of $4.57 billion, a P/E ratio of 35.40, a PEG ratio of 1.72 and a beta of 1.30. The company’s fifty day simple moving average is $62.23 and its 200-day simple moving average is $62.17. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58.

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

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio is 42.77%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HXL. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Truist Financial dropped their price target on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company increased their target price on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and a consensus price target of $72.64.

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.