Pier Capital LLC Increases Stock Position in Hexcel Co. (NYSE:HXL)

Pier Capital LLC raised its position in Hexcel Co. (NYSE:HXL) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,153 shares of the aerospace company’s stock after buying an additional 21,800 shares during the period. Pier Capital LLC’s holdings in Hexcel were worth $8,725,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in Hexcel in the 3rd quarter valued at $30,000. Allworth Financial LP increased its stake in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel during the 4th quarter worth about $49,000. Manchester Capital Management LLC lifted its stake in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. Wells Fargo & Company raised their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Royal Bank of Canada raised their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Truist Financial upped their price objective on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.09.

Hexcel Price Performance

Hexcel stock opened at $57.64 on Tuesday. 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 company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company’s 50 day simple moving average is $62.93 and its 200-day simple moving average is $62.25. Hexcel Co. has a 1 year low of $55.25 and a 1 year high of $73.58.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, equities research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, February 7th. Hexcel’s payout ratio is currently 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.