Channing Capital Management LLC Has $70.77 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Channing Capital Management LLC grew its position in Hexcel Co. (NYSE:HXL) by 10.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,128,681 shares of the aerospace company’s stock after buying an additional 105,510 shares during the period. Hexcel accounts for approximately 1.9% of Channing Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Channing Capital Management LLC owned approximately 1.39% of Hexcel worth $70,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Speece Thorson Capital Group Inc. increased its position in Hexcel by 15.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after purchasing an additional 32,960 shares during the period. Barclays PLC boosted its stake in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after purchasing an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Hexcel by 12.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after buying an additional 63,730 shares during the period. FMR LLC raised its stake in shares of Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after buying an additional 8,135 shares during the last quarter. Finally, Kopion Asset Management LLC lifted its holdings in Hexcel by 11.2% in the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after buying an additional 9,861 shares during the period. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 2.9 %

Shares of HXL stock opened at $56.49 on Tuesday. Hexcel Co. has a 12-month low of $56.02 and a 12-month high of $75.86. 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 firm has a fifty day moving average of $64.35 and a 200-day moving average of $62.67. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 42.77%.

Analyst Ratings Changes

HXL has been the subject of a number of analyst reports. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen raised Hexcel to a “hold” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Truist Financial boosted 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. Finally, Wells Fargo & Company increased their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.