Massachusetts Financial Services Co. MA Purchases 17,512 Shares of Hexcel Corporation (NYSE:HXL)

Massachusetts Financial Services Co. MA raised its stake in Hexcel Corporation (NYSE:HXL - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,013,875 shares of the aerospace company's stock after purchasing an additional 17,512 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.50% of Hexcel worth $110,280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake 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 valued at $156,919,000 after buying an additional 2,446,716 shares in the last quarter. Norges Bank acquired a new position in shares of Hexcel in the 4th quarter valued at $60,241,000. TimesSquare Capital Management LLC raised its stake in shares of Hexcel by 416.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock valued at $63,877,000 after buying an additional 940,839 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Hexcel by 249.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company's stock valued at $51,142,000 after buying an additional 582,353 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Hexcel by 66.9% in the 4th quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company's stock valued at $75,123,000 after buying an additional 480,207 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of Hexcel stock traded up $1.74 during mid-day trading on Thursday, reaching $60.71. 1,219,415 shares of the stock were exchanged, compared to its average volume of 999,504. The company has a current ratio of 2.59, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 1.99 and a beta of 1.28. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The firm has a 50-day simple moving average of $55.47 and a 200 day simple moving average of $57.71.

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). The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. Hexcel had a net margin of 6.60% and a return on equity of 10.36%. During the same quarter in the previous year, the business posted $0.44 EPS. On average, sell-side analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is presently 45.03%.

Analysts Set New Price Targets

HXL has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada dropped their price objective on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Barclays dropped their target price on shares of 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, Wall Street Zen cut shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $59.22.

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.