Northern Trust Corp Increases Stock Position in Hexcel Co. (NYSE:HXL)

Northern Trust Corp grew its position in Hexcel Co. (NYSE:HXL - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031,027 shares of the aerospace company's stock after acquiring an additional 136,871 shares during the quarter. Northern Trust Corp owned about 1.27% of Hexcel worth $64,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after purchasing an additional 202 shares in the last quarter. Huntington National Bank grew its stake in shares of Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after buying an additional 204 shares during the period. GAMMA Investing LLC increased its stake in Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after purchasing an additional 218 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock valued at $2,243,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HXL shares. BMO Capital Markets reduced their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. UBS Group cut their price objective on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $61.20.

Hexcel Stock Performance

Shares of Hexcel stock traded up $2.29 on Monday, reaching $53.88. 97,730 shares of the stock were exchanged, compared to its average volume of 950,186. Hexcel Co. has a 1-year low of $45.28 and a 1-year high of $73.24. The business has a fifty day moving average price of $53.24 and a two-hundred day moving average price of $59.86. The firm has a market capitalization of $4.33 billion, a PE ratio of 33.80, a PEG ratio of 1.72 and a beta of 1.28. 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 announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The firm had revenue of $456.50 million during the quarter, compared to analysts' expectations 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 business 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 firm also recently disclosed 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 currently 45.03%.

About Hexcel

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.