Hexcel Co. (NYSE:HXL) Shares Acquired by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in shares of Hexcel Co. (NYSE:HXL) by 191.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,658 shares of the aerospace company’s stock after purchasing an additional 235,025 shares during the period. Frontier Capital Management Co. LLC’s holdings in Hexcel were worth $22,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HXL. Barclays PLC grew its position in shares of Hexcel by 32.1% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after purchasing an additional 24,133 shares during the last quarter. Merit Financial Group LLC acquired a new position in Hexcel in the fourth quarter worth approximately $242,000. Kopion Asset Management LLC grew its holdings 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 worth $6,142,000 after acquiring an additional 9,861 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in shares of Hexcel by 303.5% in the 4th quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company’s stock valued at $1,202,000 after acquiring an additional 14,418 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

NYSE:HXL opened at $52.03 on Friday. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $73.58. The company has a market cap of $4.18 billion, a P/E ratio of 32.72, a P/E/G ratio of 1.72 and a beta of 1.28. The stock’s 50-day simple moving average is $53.38 and its 200 day simple moving average is $59.99. 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 (NYSE:HXL) last released its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. Hexcel’s payout ratio is 45.03%.

Wall Street Analyst Weigh In

Several analysts have commented on HXL shares. Truist Financial decreased their target price on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley dropped their price target on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, April 11th. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Wells Fargo & Company reduced their target price on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their target price on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.20.

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.