Hexcel Co. (NYSE:HXL) Shares Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd grew its stake in Hexcel Co. (NYSE:HXL) by 250.4% during the 4th quarter, Holdings Channel reports. The fund owned 1,948 shares of the aerospace company’s stock after acquiring an additional 1,392 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Hexcel were worth $122,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Allworth Financial LP boosted its stake in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing 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. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel during the 4th quarter worth $57,000. Finally, Huntington National Bank boosted its holdings in shares of Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Down 0.7 %

Shares of HXL opened at $47.39 on Wednesday. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58. The stock’s 50-day moving average is $59.56 and its two-hundred day moving average is $61.62. 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 stock has a market cap of $3.81 billion, a PE ratio of 29.80, a P/E/G ratio of 1.72 and a beta of 1.08.

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

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.17 per share. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.44%. Hexcel’s payout ratio is 42.77%.

Analysts Set New Price Targets

Several research firms recently weighed in on HXL. Royal Bank of Canada increased their target price on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Truist Financial lowered their target price on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, March 28th. Wells Fargo & Company cut their price target on shares of Hexcel from $87.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average target price of $70.25.

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.