Ameriprise Financial Inc. Has $9.13 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Ameriprise Financial Inc. lifted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,581 shares of the aerospace company's stock after purchasing an additional 18,545 shares during the period. Ameriprise Financial Inc. owned approximately 0.18% of Hexcel worth $9,128,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Hexcel by 4,372.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock valued at $156,919,000 after buying an additional 2,446,716 shares during the period. Norges Bank acquired a new position in shares of Hexcel during the 4th quarter valued at about $60,241,000. Brandes Investment Partners LP increased its holdings in shares of Hexcel by 99.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock valued at $81,803,000 after acquiring an additional 651,062 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Hexcel by 249.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company's stock valued at $51,142,000 after purchasing an additional 582,353 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in Hexcel by 1,153.9% in the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company's stock valued at $33,546,000 after buying an additional 493,218 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Down 1.4%

NYSE HXL traded down $0.72 during trading on Monday, hitting $51.35. The stock had a trading volume of 1,093,938 shares, compared to its average volume of 967,178. The company has a market capitalization of $4.13 billion, a PE ratio of 32.30, a P/E/G ratio of 1.72 and a beta of 1.28. The company's 50-day moving average price is $52.33 and its two-hundred day moving average price is $59.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last released its 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 net margin of 6.94% and a return on equity of 10.66%. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the previous year, the firm posted $0.44 EPS. As a group, sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company cut their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Truist Financial cut their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets decreased their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. 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 stock. According to data from MarketBeat.com, the stock has an average 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.