Arrowstreet Capital Limited Partnership Has $18.36 Million Position in Hexcel Co. (NYSE:HXL)

Arrowstreet Capital Limited Partnership boosted its position in shares of Hexcel Co. (NYSE:HXL) by 876.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 292,760 shares of the aerospace company’s stock after buying an additional 262,785 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.36% of Hexcel worth $18,356,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel during the fourth quarter worth about $49,000. Manchester Capital Management LLC lifted its holdings in shares of Hexcel by 100.0% during the 4th 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hexcel in the 4th quarter valued at approximately $57,000. Finally, GAMMA Investing LLC increased its stake in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HXL. Truist Financial decreased their price objective on Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, March 28th. TD Cowen raised Hexcel to a “hold” rating in a report on Monday, February 24th. Barclays lowered their target price on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada increased their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.25.

Hexcel Price Performance

Shares of HXL opened at $48.27 on Friday. The business has a 50-day simple moving average of $60.70 and a two-hundred day simple moving average of $61.89. Hexcel Co. has a 12-month low of $46.21 and a 12-month high of $73.58. The stock has a market cap of $3.88 billion, a PE ratio of 30.36, a PEG ratio of 1.72 and a beta of 1.08. 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 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%. Analysts anticipate 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. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. Hexcel’s payout ratio is currently 42.77%.

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.