Aristotle Capital Boston LLC Purchases Shares of 236,738 Hexcel Co. (NYSE:HXL)

Aristotle Capital Boston LLC purchased a new stake in Hexcel Co. (NYSE:HXL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 236,738 shares of the aerospace company's stock, valued at approximately $14,843,000. Aristotle Capital Boston LLC owned 0.29% of Hexcel at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Hexcel by 32.1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after buying an additional 17,011 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $74,000 after purchasing an additional 206 shares during the last quarter. Centre Asset Management LLC bought a new stake in Hexcel during the 4th quarter worth approximately $7,854,000. Central Pacific Bank Trust Division raised its stake in shares of Hexcel by 22.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,070 shares of the aerospace company's stock worth $192,000 after purchasing an additional 560 shares during the last quarter. Finally, Weybosset Research & Management LLC lifted its holdings in shares of Hexcel by 0.4% in the fourth quarter. Weybosset Research & Management LLC now owns 175,676 shares of the aerospace company's stock valued at $11,015,000 after purchasing an additional 692 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

HXL has been the subject of a number of analyst reports. Truist Financial lowered their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. BMO Capital Markets reduced their price objective on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Finally, Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $61.20.

Hexcel Stock Performance

NYSE:HXL traded up $1.65 on Thursday, reaching $52.19. 359,020 shares of the company's stock were exchanged, compared to its average volume of 953,326. The stock has a fifty day simple moving average of $53.56 and a 200-day simple moving average of $60.07. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's payout ratio is presently 45.03%.

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.