Dimensional Fund Advisors LP Buys 24,393 Shares of Hexcel Co. (NYSE:HXL)

Dimensional Fund Advisors LP lifted its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,437,058 shares of the aerospace company's stock after purchasing an additional 24,393 shares during the quarter. Dimensional Fund Advisors LP owned 1.77% of Hexcel worth $90,104,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its position in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC increased its stake in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Hexcel during the fourth quarter worth approximately $57,000. Finally, Huntington National Bank lifted its position in 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 purchasing an additional 204 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Trading Up 2.3 %

Shares of NYSE:HXL traded up $1.14 during mid-day trading on Friday, hitting $49.67. The stock had a trading volume of 1,108,031 shares, compared to its average volume of 956,653. The company's 50 day moving average is $54.29 and its 200-day moving average is $60.29. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $73.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The company has a market cap of $3.99 billion, a PE ratio of 31.24, a P/E/G ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The business had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. During the same quarter in the previous year, the company earned $0.44 EPS. On average, sell-side analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. Hexcel's dividend payout ratio is 45.03%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HXL shares. Barclays lowered their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group dropped their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Morgan Stanley lowered their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial dropped their target price 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.20.

Hexcel 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.