Treasurer of the State of North Carolina Purchases 220 Shares of Hexcel Co. (NYSE:HXL)

Treasurer of the State of North Carolina increased its position in Hexcel Co. (NYSE:HXL) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 35,779 shares of the aerospace company’s stock after buying an additional 220 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Hexcel were worth $2,243,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Hexcel by 24.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after buying an additional 395,744 shares during the period. Sei Investments Co. raised its stake in Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock valued at $92,938,000 after acquiring an additional 122,281 shares during the period. Brandes Investment Partners LP lifted its holdings in Hexcel by 99.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock valued at $81,803,000 after purchasing an additional 651,062 shares during the last quarter. American Century Companies Inc. lifted its holdings in Hexcel by 66.9% during the 4th quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock valued at $75,123,000 after purchasing an additional 480,207 shares during the last quarter. Finally, Channing Capital Management LLC increased its holdings in shares of Hexcel by 10.3% in the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock valued at $70,768,000 after purchasing an additional 105,510 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.1 %

Shares of Hexcel stock opened at $52.03 on Friday. 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 Co. has a 12-month low of $45.28 and a 12-month high of $73.58. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 1.72 and a beta of 1.08. The firm’s 50-day moving average price is $57.54 and its two-hundred day moving average price is $61.11.

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 net margin of 6.94% and a return on equity of 10.66%. On average, analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.31%. Hexcel’s dividend payout ratio (DPR) is 42.77%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, April 11th. Truist Financial reduced their price objective on Hexcel from $80.00 to $73.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company lowered Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Barclays lowered their price objective on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.40.

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.