Northern Trust Corp Has $64.65 Million Stock Position in Hexcel Co. (NYSE:HXL)

Northern Trust Corp increased its stake in Hexcel Co. (NYSE:HXL - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,031,027 shares of the aerospace company's stock after buying an additional 136,871 shares during the quarter. Northern Trust Corp owned approximately 1.27% of Hexcel worth $64,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its stake 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 acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the fourth quarter valued at about $49,000. Manchester Capital Management LLC lifted its stake in shares of Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after buying an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel during the 4th quarter worth about $57,000. Finally, Huntington National Bank grew its stake in 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 last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HXL. TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. Morgan Stanley decreased their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a report on Friday, April 11th. BMO Capital Markets dropped their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. UBS Group lowered 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. Finally, Royal Bank of Canada cut their price objective on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.20.

Hexcel Price Performance

Hexcel stock opened at $50.53 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $73.58. The stock has a market capitalization of $4.06 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The stock has a fifty day moving average of $53.81 and a 200-day moving average of $60.14.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $482.18 million. During the same period in the previous year, the firm posted $0.44 EPS. On average, sell-side analysts expect 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 will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given 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 yield of 1.35%. Hexcel's dividend 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.

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