Hexcel Co. (NYSE:HXL) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its stake in shares of Hexcel Co. (NYSE:HXL) by 61.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,272 shares of the aerospace company’s stock after purchasing an additional 486 shares during the period. Brown Brothers Harriman & Co.’s holdings in Hexcel were worth $80,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after buying an additional 17,011 shares during the last quarter. FMR LLC lifted its position in Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after buying an additional 8,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after buying an additional 24,133 shares during the period. Kopion Asset Management LLC increased its position in shares of Hexcel by 11.2% in the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after acquiring an additional 9,861 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Hexcel in the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Hexcel stock opened at $54.71 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a 12 month low of $54.10 and a 12 month high of $73.58. The company has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $62.09. The company has a market cap of $4.40 billion, a PE ratio of 34.41, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. Research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.17 dividend. This is an increase 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 1.24%. Hexcel’s dividend payout ratio (DPR) is 42.77%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HXL shares. Barclays dropped their target price on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Wells Fargo & Company lifted their target price on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Two 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.25.

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.