Mackenzie Financial Corp Invests $437,000 in Hexcel Co. (NYSE:HXL)

Mackenzie Financial Corp acquired a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,971 shares of the aerospace company's stock, valued at approximately $437,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its stake in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Hexcel during the fourth quarter valued at $49,000. Manchester Capital Management LLC lifted its holdings in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Hexcel during the fourth quarter worth approximately $57,000. Finally, Parvin Asset Management LLC acquired a new position in Hexcel during the fourth quarter valued at approximately $66,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

NYSE HXL traded up $0.05 on Thursday, hitting $55.85. 888,209 shares of the company's stock were exchanged, compared to its average volume of 986,004. The stock has a 50-day moving average of $51.80 and a 200-day moving average of $58.94. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.72 and a beta of 1.29. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $71.05. 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 - Get Free Report) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter in the prior year, the business earned $0.44 EPS. Analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. Hexcel's dividend payout ratio (DPR) is currently 45.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HXL shares. Morgan Stanley dropped their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Truist Financial decreased their price objective on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their target price 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. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.