Mackenzie Financial Corp Purchases 21,564 Shares of Hexcel Corporation (NYSE:HXL)

Mackenzie Financial Corp lifted its stake in Hexcel Corporation (NYSE:HXL - Free Report) by 309.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,535 shares of the aerospace company's stock after acquiring an additional 21,564 shares during the period. Mackenzie Financial Corp's holdings in Hexcel were worth $1,563,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new position in shares of Hexcel in the fourth quarter worth $66,000. NBC Securities Inc. bought a new position in shares of Hexcel in the first quarter worth $61,000. Huntington National Bank boosted its holdings in shares of Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after acquiring an additional 204 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Hexcel by 71.2% in the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after acquiring an additional 499 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of Hexcel by 62.3% in the fourth quarter. Headlands Technologies LLC now owns 1,305 shares of the aerospace company's stock worth $82,000 after acquiring an additional 501 shares during the period. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HXL shares. BMO Capital Markets raised their price target on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Morgan Stanley increased their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Truist Financial lowered their price objective on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research report on Monday, July 28th. 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. According to data from MarketBeat, Hexcel presently has a consensus rating of "Hold" and a consensus target price of $63.33.

Hexcel Trading Up 2.3%

NYSE HXL opened at $60.92 on Tuesday. The stock's 50-day simple moving average is $57.39 and its two-hundred day simple moving average is $57.31. Hexcel Corporation has a twelve month low of $45.28 and a twelve month 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 capitalization of $4.85 billion, a price-to-earnings ratio of 56.41, a PEG ratio of 1.96 and a beta of 1.36.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%. The business had revenue of $489.90 million for the quarter, compared to the consensus estimate of $482.20 million. During the same quarter last year, the business posted $0.60 earnings per share. The company's revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 8th. Hexcel's dividend payout ratio (DPR) is 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.

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