Dark Forest Capital Management LP Raises Stake in Hexcel Co. (NYSE:HXL)

Dark Forest Capital Management LP boosted its stake in Hexcel Co. (NYSE:HXL - Free Report) by 175.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,247 shares of the aerospace company's stock after purchasing an additional 12,254 shares during the quarter. Dark Forest Capital Management LP's holdings in Hexcel were worth $1,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake 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 during the period. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the fourth quarter worth $49,000. Manchester Capital Management LLC grew its stake in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Hexcel in the fourth quarter valued at approximately $57,000. Finally, Huntington National Bank raised its holdings in shares of Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after buying an additional 204 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of HXL traded down $0.25 during trading hours on Tuesday, hitting $50.30. The stock had a trading volume of 348,330 shares, compared to its average volume of 959,331. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The firm has a 50-day moving average price of $55.39 and a 200 day moving average price of $60.64. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.66% and a net margin of 6.94%. The company had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. During the same period in the previous year, the firm posted $0.44 EPS. As a group, research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.35%. Hexcel's payout ratio is presently 45.03%.

Wall Street Analyst Weigh In

HXL has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. UBS Group decreased their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.20.

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.