The Manufacturers Life Insurance Company Buys 90,668 Shares of Hexcel Co. (NYSE:HXL)

The Manufacturers Life Insurance Company raised its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 676,885 shares of the aerospace company's stock after purchasing an additional 90,668 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.83% of Hexcel worth $42,441,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after purchasing an additional 24,133 shares during the last quarter. Kopion Asset Management LLC boosted its position in shares of Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock valued at $6,142,000 after purchasing an additional 9,861 shares during the period. Merit Financial Group LLC purchased a new position in Hexcel in the 4th quarter worth about $242,000. Finally, Oak Thistle LLC lifted its stake in Hexcel by 303.5% during the fourth quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company's stock valued at $1,202,000 after buying an additional 14,418 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of HXL stock traded up $0.86 during trading on Tuesday, reaching $50.98. The company had a trading volume of 305,574 shares, compared to its average volume of 954,351. The company has a market capitalization of $4.10 billion, a PE ratio of 32.04, a PEG ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm's 50 day simple moving average is $54.05 and its two-hundred day simple moving average is $60.20. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58.

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

Hexcel Dividend Announcement

The company 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's payout ratio is presently 45.03%.

Wall Street Analysts Forecast Growth

HXL has been the topic of several research analyst reports. Truist Financial lowered their price objective 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. Barclays lowered their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. StockNews.com cut shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Morgan Stanley dropped 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, Wells Fargo & Company decreased 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hexcel currently has an average rating of "Hold" and a consensus price target 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.