Citigroup Inc. Has $19.66 Million Stock Position in Hexcel Corporation $HXL

Citigroup Inc. increased its position in Hexcel Corporation (NYSE:HXL - Free Report) by 214.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 359,067 shares of the aerospace company's stock after buying an additional 244,828 shares during the period. Citigroup Inc. owned 0.45% of Hexcel worth $19,663,000 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 stock. Earnest Partners LLC lifted its position in shares of Hexcel by 0.8% in the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after buying an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hexcel by 4,372.3% in 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 acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Hexcel by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company's stock valued at $110,280,000 after acquiring an additional 17,512 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hexcel by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock valued at $90,104,000 after acquiring an additional 24,393 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Hexcel by 6.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,330,380 shares of the aerospace company's stock valued at $83,415,000 after acquiring an additional 86,435 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HXL shares. 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. BMO Capital Markets upped their price target on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. UBS Group upped their price target on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley upped their price target on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen cut Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $63.33.

Hexcel Price Performance

Shares of NYSE HXL traded down $0.34 during midday trading on Monday, reaching $61.39. 125,260 shares of the company traded hands, compared to its average volume of 1,183,535. The firm has a market cap of $4.88 billion, a PE ratio of 56.84, a PEG ratio of 2.05 and a beta of 1.36. The stock's 50-day simple moving average is $58.70 and its 200-day simple moving average is $56.93. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $71.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $489.90 million during the quarter, compared to analysts' expectations of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%. The business's revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that Hexcel Corporation 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, August 15th. Investors of record on Friday, August 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Hexcel's dividend payout ratio is 62.96%.

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.