FourThought Financial Partners LLC Takes Position in Hexcel Co. (NYSE:HXL)

FourThought Financial Partners LLC purchased a new stake in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,478 shares of the aerospace company’s stock, valued at approximately $218,000.

Other hedge funds also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its holdings in shares of Hexcel by 1,153.9% in the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after purchasing an additional 493,218 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after buying an additional 425,402 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in Hexcel by 34.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock worth $60,182,000 after buying an additional 251,062 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Hexcel in the 4th quarter worth about $14,148,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Hexcel by 52.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock valued at $36,246,000 after acquiring an additional 200,722 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HXL has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target 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. Truist Financial lifted their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a report on Monday. StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Stock Performance

NYSE:HXL opened at $62.41 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The stock has a 50-day simple moving average of $64.83 and a two-hundred day simple moving average of $62.82. The firm has a market capitalization of $5.06 billion, a PE ratio of 39.25, a P/E/G ratio of 1.72 and a beta of 1.31. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09.

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

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. 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 (DPR) is presently 42.77%.

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.