Centre Asset Management LLC Has $7.76 Million Holdings in Hexcel Co. (NYSE:HXL)

Centre Asset Management LLC raised its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 13.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,614 shares of the aerospace company's stock after buying an additional 16,351 shares during the quarter. Hexcel accounts for about 2.0% of Centre Asset Management LLC's investment portfolio, making the stock its 24th largest position. Centre Asset Management LLC owned about 0.18% of Hexcel worth $7,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Earnest Partners LLC grew its holdings in Hexcel by 0.8% in the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock valued at $301,991,000 after buying an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hexcel by 4,372.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock worth $156,919,000 after acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock worth $125,172,000 after acquiring an additional 395,744 shares during the period. Sei Investments Co. lifted its position in shares of Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock worth $92,938,000 after acquiring an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock worth $90,104,000 after acquiring an additional 24,393 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of research reports. Truist Financial reduced their price objective on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group reduced their price objective on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Barclays reduced their price objective 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. Finally, Royal Bank of Canada reduced 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $61.20.

Hexcel Price Performance

HXL traded up $0.13 during trading on Monday, hitting $53.02. The company's stock had a trading volume of 668,604 shares, compared to its average volume of 974,305. The firm's 50 day moving average price is $51.98 and its two-hundred day moving average price is $59.03. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $71.05. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

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

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.17 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. Hexcel's dividend payout ratio is 45.03%.

Hexcel Company 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.