Massachusetts Financial Services Co. MA Has $125.17 Million Stock Position in Hexcel Co. (NYSE:HXL)

Massachusetts Financial Services Co. MA boosted its position in shares of Hexcel Co. (NYSE:HXL) by 24.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,996,363 shares of the aerospace company’s stock after purchasing an additional 395,744 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.46% of Hexcel worth $125,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HXL. Barclays PLC grew its position in shares of Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after buying an additional 17,011 shares during the period. FMR LLC grew its holdings in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after acquiring an additional 8,135 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after acquiring an additional 24,133 shares during the last quarter. Kopion Asset Management LLC lifted its stake in shares of Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after purchasing an additional 9,861 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of Hexcel during the fourth quarter worth $242,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of Hexcel stock opened at $48.27 on Friday. 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 market cap of $3.88 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The stock’s 50-day moving average is $60.70 and its 200-day moving average is $61.89. Hexcel Co. has a one year low of $46.21 and a one year high of $73.58.

Hexcel (NYSE:HXL) last released its earnings results 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 analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.41%. Hexcel’s payout ratio is 42.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen upgraded Hexcel to a “hold” rating in a report on Monday, February 24th. Wells Fargo & Company lifted 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 target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Truist Financial reduced their price target on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.25.

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.