Harel Insurance Investments & Financial Services Ltd. Has $383,000 Holdings in Hexcel Co. (NYSE:HXL)

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 50.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,115 shares of the aerospace company’s stock after buying an additional 2,052 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Hexcel were worth $383,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after buying an additional 1,246,765 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Hexcel by 36.2% in 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 acquiring an additional 425,402 shares during the last quarter. Copeland Capital Management LLC increased its position in Hexcel by 12.5% in the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock worth $71,810,000 after purchasing an additional 129,335 shares during the period. Millennium Management LLC raised its holdings in Hexcel by 307.1% during the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after purchasing an additional 814,402 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Hexcel by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock valued at $65,585,000 after purchasing an additional 10,479 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Performance

Shares of Hexcel stock opened at $67.48 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The stock’s 50-day moving average is $63.73 and its 200-day moving average is $62.71.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. Equities analysts predict that Hexcel Co. will post 2.34 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is presently 37.74%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HXL. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. UBS Group increased their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Truist Financial upped their price target on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.25.

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.