Susquehanna Fundamental Investments LLC Invests $891,000 in Hexcel Co. (NYSE:HXL)

Susquehanna Fundamental Investments LLC acquired a new stake in Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,216 shares of the aerospace company's stock, valued at approximately $891,000.

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

Wall Street Analysts Forecast Growth

HXL has been the topic of several recent analyst reports. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Barclays lowered their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley cut their price target 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. TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Finally, Truist Financial cut 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. One research 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.20.

Hexcel Trading Up 2.3 %

Hexcel stock opened at $49.67 on Friday. 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 has a 50-day moving average of $54.29 and a 200-day moving average of $60.32. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 1.72 and a beta of 1.08. 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 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). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, equities analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is currently 45.03%.

Hexcel Company 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.

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