Motley Fool Asset Management LLC Increases Stock Position in Hexcel Corporation (NYSE:HXL)

Key Points

• Motley Fool Asset Management LLC increased its stake in Hexcel Corporation by 37.9% in the first quarter, now owning over 36,000 shares valued at nearly $2 million.
• Hexcel announced a quarterly dividend of $0.17, with an annualized yield of 1.1%, payable to shareholders on August 15.
• Wall Street analysts' consensus rating for Hexcel is currently a "Hold" with an average price target of $63.33, reflecting mixed opinions on its stock performance.

Motley Fool Asset Management LLC grew its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 37.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,184 shares of the aerospace company's stock after purchasing an additional 9,949 shares during the period. Motley Fool Asset Management LLC's holdings in Hexcel were worth $1,981,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC lifted its stake in Hexcel by 4.0% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock worth $291,000 after purchasing an additional 207 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in Hexcel by 4.5% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock worth $318,000 after purchasing an additional 218 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Hexcel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after purchasing an additional 220 shares in the last quarter. ProShare Advisors LLC lifted its stake in Hexcel by 5.0% during the fourth quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock worth $310,000 after purchasing an additional 236 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Hexcel by 0.3% in the first quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock valued at $5,407,000 after acquiring an additional 255 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HXL. Royal Bank Of Canada reiterated an "outperform" rating and issued a $70.00 price objective (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Morgan Stanley increased their price objective on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. UBS Group increased their price objective on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Truist Financial reduced 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. Finally, Wells Fargo & Company reduced their price objective 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 assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.33.

Hexcel Stock Down 1.0%

Hexcel stock traded down $0.60 during midday trading on Friday, reaching $61.86. The company's stock had a trading volume of 644,836 shares, compared to its average volume of 1,227,457. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week 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. The company has a market cap of $4.92 billion, a P/E ratio of 57.28, a P/E/G ratio of 2.07 and a beta of 1.36. The business has a 50-day simple moving average of $58.70 and a 200-day simple moving average of $57.06.

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, topping the consensus estimate of $0.46 by $0.04. The company had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. On average, research analysts expect that Hexcel Corporation 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, August 15th. Shareholders of record on Friday, August 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

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.