American Century Companies Inc. Raises Stake in Hexcel Co. (NYSE:HXL)

American Century Companies Inc. boosted its holdings in Hexcel Co. (NYSE:HXL) by 66.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,198,136 shares of the aerospace company’s stock after buying an additional 480,207 shares during the period. American Century Companies Inc.’s holdings in Hexcel were worth $75,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HXL. True Wealth Design LLC acquired a new stake in shares of Hexcel in the third quarter worth $30,000. Allworth Financial LP boosted its position in 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 period. Arcadia Investment Management Corp MI acquired a new stake in Hexcel in the 4th quarter valued at $49,000. Manchester Capital Management LLC raised its position in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hexcel during the fourth quarter worth about $57,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Up 3.4 %

Shares of Hexcel stock opened at $57.64 on Tuesday. The business has a 50-day moving average price of $62.93 and a 200 day moving average price of $62.25. Hexcel Co. has a fifty-two week low of $55.25 and a fifty-two week high of $73.58. The firm has a market cap of $4.68 billion, a P/E ratio of 36.25, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. On average, sell-side analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.17 dividend. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HXL shares. Royal Bank of Canada increased their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. 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 note on Friday, January 24th. Finally, TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.09.

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.