Price T Rowe Associates Inc. MD Has $156.92 Million Position in Hexcel Co. (NYSE:HXL)

Price T Rowe Associates Inc. MD lifted its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 4,372.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,502,676 shares of the aerospace company's stock after buying an additional 2,446,716 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 3.08% of Hexcel worth $156,919,000 as of its most recent filing with the SEC.

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

Hexcel Stock Performance

Shares of HXL traded up $0.11 during trading hours on Thursday, hitting $48.58. The company had a trading volume of 1,234,847 shares, compared to its average volume of 962,381. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.72 and a beta of 1.08. The business has a fifty day moving average of $54.82 and a 200-day moving average of $60.48. 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 released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $482.18 million. During the same period in the prior year, the business posted $0.44 earnings per share. Equities analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

Analysts Set New Price Targets

HXL has been the subject of a number of recent analyst reports. StockNews.com cut shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group decreased their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley decreased 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. Royal Bank of Canada decreased their price target 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. Finally, TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.