Heartland Advisors Inc. boosted its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 42.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,922 shares of the aerospace company's stock after purchasing an additional 51,513 shares during the period. Heartland Advisors Inc. owned about 0.22% of Hexcel worth $9,469,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HXL. KLP Kapitalforvaltning AS acquired a new stake in Hexcel in the 4th quarter valued at about $1,085,000. LPL Financial LLC grew its holdings in Hexcel by 3.2% during the fourth quarter. LPL Financial LLC now owns 239,060 shares of the aerospace company's stock valued at $14,989,000 after purchasing an additional 7,329 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Hexcel by 62.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,300 shares of the aerospace company's stock valued at $2,351,000 after purchasing an additional 14,307 shares during the period. JPMorgan Chase & Co. grew its holdings in Hexcel by 12.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,017,787 shares of the aerospace company's stock valued at $63,815,000 after purchasing an additional 114,620 shares during the period. Finally, Norges Bank acquired a new position in Hexcel during the fourth quarter valued at approximately $60,241,000. Institutional investors and hedge funds own 95.47% of the company's stock.
Analyst Ratings Changes
HXL has been the topic of a number of research reports. Wall Street Zen lowered shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Truist Financial cut their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. UBS Group lifted their price target on shares of Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday. Morgan Stanley lifted their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Finally, Barclays cut their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hexcel currently has an average rating of "Hold" and an average price target of $61.67.
Get Our Latest Report on HXL
Hexcel Price Performance
Shares of HXL stock traded up $0.68 on Monday, reaching $61.79. The company had a trading volume of 1,521,692 shares, compared to its average volume of 1,213,405. The business's 50-day moving average is $56.54 and its 200 day moving average is $57.52. The stock has a market capitalization of $4.97 billion, a PE ratio of 57.21, a price-to-earnings-growth ratio of 2.07 and a beta of 1.28. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53.
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 business had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Equities research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.
Hexcel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, August 8th. Hexcel's dividend payout ratio is presently 62.96%.
Hexcel Company Profile
(
Free Report)
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.
Recommended Stories

Before you consider Hexcel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexcel wasn't on the list.
While Hexcel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.