Comerica Bank Buys 25,314 Shares of Hexcel Co. (NYSE:HXL)

Comerica Bank boosted its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,316 shares of the aerospace company's stock after purchasing an additional 25,314 shares during the period. Comerica Bank owned about 0.08% of Hexcel worth $3,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HXL. Barclays PLC raised its holdings 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 period. GAMMA Investing LLC raised its holdings in Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. Weybosset Research & Management LLC lifted its holdings in shares of Hexcel by 0.4% during the 4th quarter. Weybosset Research & Management LLC now owns 175,676 shares of the aerospace company's stock worth $11,015,000 after acquiring an additional 692 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Hexcel by 4.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,516 shares of the aerospace company's stock valued at $1,639,000 after buying an additional 1,147 shares in the last quarter. Finally, Oak Thistle LLC grew its stake in shares of Hexcel by 303.5% during the fourth quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company's stock worth $1,202,000 after buying an additional 14,418 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Up 4.4%

Hexcel stock traded up $2.29 during midday trading on Monday, reaching $53.88. The stock had a trading volume of 143,925 shares, compared to its average volume of 950,318. The company has a fifty day moving average price of $53.24 and a two-hundred day moving average price of $59.86. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.24. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.33 billion, a P/E ratio of 33.89, a PEG ratio of 1.72 and a beta of 1.28.

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

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a $0.17 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.26%. Hexcel's payout ratio is 45.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets cut their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Truist Financial dropped their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group reduced their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hexcel has a consensus rating of "Hold" and an average price target of $61.20.

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.