Tower Research Capital LLC TRC Boosts Position in Hexcel Co. (NYSE:HXL)

Tower Research Capital LLC TRC lifted its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 315.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,363 shares of the aerospace company's stock after acquiring an additional 5,589 shares during the quarter. Tower Research Capital LLC TRC's holdings in Hexcel were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HXL. Norges Bank purchased a new stake in Hexcel during the fourth quarter worth $60,241,000. Brandes Investment Partners LP lifted its position in shares of Hexcel by 99.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock valued at $81,803,000 after buying an additional 651,062 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Hexcel by 249.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company's stock worth $51,142,000 after purchasing an additional 582,353 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Hexcel by 1,153.9% in the fourth quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company's stock valued at $33,546,000 after buying an additional 493,218 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Hexcel by 66.9% in the 4th quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company's stock worth $75,123,000 after purchasing an additional 480,207 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on HXL shares. BMO Capital Markets lowered their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Truist Financial lowered their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Barclays cut their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Finally, UBS Group cut their price objective on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.20.

Hexcel Trading Up 1.0 %

HXL traded up $0.51 on Monday, hitting $50.16. The company had a trading volume of 68,205 shares, compared to its average volume of 953,147. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.03 billion, a P/E ratio of 31.55, a PEG ratio of 1.72 and a beta of 1.28. The company's fifty day moving average price is $54.29 and its 200 day moving average price is $60.29. Hexcel Co. has a 1 year low of $45.28 and a 1 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 the consensus estimate of $0.43 by ($0.06). The business 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 period in the previous year, the business posted $0.44 EPS. As a group, equities analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently disclosed 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, May 2nd. Hexcel's dividend payout ratio is presently 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.