UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 24,057 Shares of Hexcel Co. (NYSE:HXL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 239,700 shares of the aerospace company's stock after purchasing an additional 24,057 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Hexcel worth $15,029,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HXL. Voloridge Investment Management LLC boosted its holdings in shares of Hexcel by 0.5% in the 4th quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company's stock valued at $32,185,000 after buying an additional 2,306 shares during the last quarter. Tidal Investments LLC acquired a new stake in Hexcel in the fourth quarter valued at $12,450,000. Strategic Wealth Partners Ltd. bought a new position in shares of Hexcel in the 4th quarter valued at about $1,168,000. Sea Cliff Partners Management LP grew its position in shares of Hexcel by 6.5% in the 4th quarter. Sea Cliff Partners Management LP now owns 368,000 shares of the aerospace company's stock valued at $23,074,000 after acquiring an additional 22,408 shares during the period. Finally, Snowden Capital Advisors LLC increased its stake in shares of Hexcel by 8.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 8,964 shares of the aerospace company's stock worth $562,000 after purchasing an additional 661 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HXL has been the topic of several research analyst reports. Truist Financial dropped their price objective on 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 decreased their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Wells Fargo & Company lowered their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.20.

Hexcel Price Performance

NYSE HXL traded up $2.38 during midday trading on Tuesday, hitting $55.66. The company had a trading volume of 2,503,241 shares, compared to its average volume of 984,069. The company has a market capitalization of $4.48 billion, a PE ratio of 35.00, a P/E/G ratio of 1.72 and a beta of 1.28. Hexcel Co. has a twelve month low of $45.28 and a twelve month 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. The firm has a 50-day moving average price of $51.81 and a 200-day moving average price of $58.96.

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

Hexcel Dividend Announcement

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

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.