Hexcel Co. (NYSE:HXL) Stock Holdings Trimmed by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its position in shares of Hexcel Co. (NYSE:HXL) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 998,742 shares of the aerospace company’s stock after selling 29,948 shares during the period. Loomis Sayles & Co. L P owned about 1.23% of Hexcel worth $62,621,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in Hexcel during the third quarter worth $30,000. Allworth Financial LP raised its holdings in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the 4th quarter worth about $49,000. Manchester Capital Management LLC boosted its holdings in shares of Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel during the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Up 1.3 %

HXL stock opened at $59.14 on Thursday. The firm’s 50-day moving average is $62.60 and its two-hundred day moving average is $62.22. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. 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 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s payout ratio is presently 42.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised their target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Truist Financial boosted their price objective on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. Finally, Wells Fargo & Company boosted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.09.

Hexcel Company 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.