Hexcel Co. (NYSE:HXL) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,700 shares of the aerospace company's stock after acquiring an additional 24,057 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Hexcel worth $15,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HXL. Earnest Partners LLC increased its position in shares of Hexcel by 0.8% during 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 period. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $156,919,000 after purchasing an additional 2,446,716 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Hexcel by 24.7% in the fourth 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. raised its position in Hexcel by 9.0% in the fourth 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 increased its stake 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 worth $90,104,000 after purchasing an additional 24,393 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Truist Financial reduced their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Barclays reduced their target price 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. Wells Fargo & Company decreased their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.20.

Hexcel Trading Up 1.0%

Shares of NYSE HXL traded up $0.53 during mid-day trading on Monday, reaching $53.42. 887,044 shares of the company's stock were exchanged, compared to its average volume of 974,964. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 1.72 and a beta of 1.28. 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 52-week low of $45.28 and a 52-week high of $71.05. The company's 50-day moving average is $51.98 and its 200-day moving average is $59.03.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly 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). The firm had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared 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. This represents a $0.68 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) 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.