Y Intercept Hong Kong Ltd Has $1.04 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Y Intercept Hong Kong Ltd increased its stake in shares of Hexcel Co. (NYSE:HXL) by 29.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,628 shares of the aerospace company’s stock after buying an additional 3,740 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hexcel were worth $1,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HXL. Massachusetts Financial Services Co. MA lifted 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 worth $98,966,000 after purchasing an additional 425,402 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Hexcel by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock worth $65,585,000 after purchasing an additional 10,479 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Hexcel by 34.8% during 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. The Manufacturers Life Insurance Company boosted its position in Hexcel by 52.1% in 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 buying an additional 200,722 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after buying an additional 63,730 shares during the period. Institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

HXL opened at $62.41 on Thursday. The stock has a market cap of $5.06 billion, a P/E ratio of 39.25, a P/E/G ratio of 1.72 and a beta of 1.31. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $64.83 and a 200 day simple moving average of $62.82.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (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%. On average, research analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.17 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is presently 42.77%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HXL. StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Monday. Truist Financial lifted their price target 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. Wells Fargo & Company increased their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hexcel has an average rating of “Hold” and an average price target of $73.09.

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.