Hexcel Co. (NYSE:HXL) Position Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,330,380 shares of the aerospace company's stock after purchasing an additional 86,435 shares during the quarter. D. E. Shaw & Co. Inc. owned 1.64% of Hexcel worth $83,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HXL. Allworth Financial LP raised its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC increased its stake in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel during the 4th quarter valued at $57,000. Finally, Parvin Asset Management LLC purchased a new stake in Hexcel in the 4th quarter worth $66,000. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Up 0.6%

NYSE HXL traded up $0.34 during trading hours on Wednesday, reaching $53.92. The company had a trading volume of 668,187 shares, compared to its average volume of 954,837. Hexcel Co. has a 1-year low of $45.28 and a 1-year high of $73.24. The stock has a market capitalization of $4.34 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The stock has a 50-day moving average of $53.03 and a 200 day moving average of $59.76. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) 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 6.94% and a return on equity of 10.66%. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, research analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is 45.03%.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Truist Financial reduced their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group cut their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, BMO Capital Markets lowered their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Hexcel currently has an average rating of "Hold" and a consensus price target of $61.20.

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.