Natixis Advisors LLC Has $15.76 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Natixis Advisors LLC increased its position in shares of Hexcel Co. (NYSE:HXL) by 28.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 251,363 shares of the aerospace company’s stock after purchasing an additional 55,134 shares during the quarter. Natixis Advisors LLC’s holdings in Hexcel were worth $15,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP grew its position in Hexcel by 99.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock worth $81,803,000 after buying an additional 651,062 shares in the last quarter. Aviso Financial Inc. acquired a new stake in Hexcel during the fourth quarter worth about $851,000. HighTower Advisors LLC grew its position in Hexcel by 1.8% during the fourth quarter. HighTower Advisors LLC now owns 19,069 shares of the aerospace company’s stock worth $1,196,000 after buying an additional 339 shares in the last quarter. Channing Capital Management LLC grew its position in Hexcel by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock worth $70,768,000 after buying an additional 105,510 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hexcel by 13.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,354 shares of the aerospace company’s stock worth $1,276,000 after buying an additional 2,487 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of HXL stock opened at $56.95 on Wednesday. Hexcel Co. has a 1 year low of $55.25 and a 1 year high of $73.58. The firm’s 50 day moving average is $63.56 and its 200-day moving average is $62.37. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.72 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

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

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio is presently 42.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. Truist Financial raised their target price on 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 upped their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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. 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. According to data from MarketBeat, Hexcel has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel 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.