Pinebridge Investments L.P. Purchases 9,853 Shares of Hexcel Co. (NYSE:HXL)

Pinebridge Investments L.P. boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 42.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,920 shares of the aerospace company's stock after purchasing an additional 9,853 shares during the quarter. Pinebridge Investments L.P.'s holdings in Hexcel were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after buying an additional 17,011 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock worth $68,021,000 after purchasing an additional 24,133 shares during the last quarter. Kopion Asset Management LLC grew its stake in shares of Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock worth $6,142,000 after purchasing an additional 9,861 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Hexcel during the fourth quarter worth $242,000. Finally, Oak Thistle LLC increased its holdings in Hexcel by 303.5% in the fourth quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company's stock valued at $1,202,000 after purchasing an additional 14,418 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HXL has been the subject of several analyst reports. Morgan Stanley decreased their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lowered 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 note on Thursday, April 24th. 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 research report on Wednesday, April 23rd. UBS Group lowered their price objective on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.20.

Hexcel Stock Up 2.3 %

Shares of NYSE:HXL traded up $1.14 during mid-day trading on Friday, reaching $49.67. 1,108,031 shares of the stock were exchanged, compared to its average volume of 956,653. The stock's 50 day simple moving average is $54.29 and its 200-day simple moving average is $60.31. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58. The company has a market cap of $3.99 billion, a P/E ratio of 31.24, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period in the prior year, the business earned $0.44 earnings per share. As a group, equities research analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, May 2nd. Hexcel's payout ratio 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.