Aristotle Capital Boston LLC raised its position in shares of Hexcel Corporation (NYSE:HXL – Free Report) by 11.2% in the fourth quarter, HoldingsChannel reports. The firm owned 290,655 shares of the aerospace company’s stock after acquiring an additional 29,249 shares during the period. Hexcel makes up 1.2% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 26th largest position. Aristotle Capital Boston LLC’s holdings in Hexcel were worth $21,479,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altfest L J & Co. Inc. acquired a new position in Hexcel during the 4th quarter valued at about $914,000. Barclays PLC boosted its stake in Hexcel by 124.0% during the 3rd quarter. Barclays PLC now owns 347,156 shares of the aerospace company’s stock valued at $21,767,000 after purchasing an additional 192,190 shares during the period. M&T Bank Corp acquired a new position in Hexcel during the 4th quarter valued at about $1,621,000. Artisan Partners Limited Partnership acquired a new position in Hexcel during the 3rd quarter valued at about $14,137,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Hexcel by 23.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,289,145 shares of the aerospace company’s stock valued at $169,168,000 after purchasing an additional 428,541 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.
Hexcel Stock Up 1.7%
NYSE HXL opened at $100.03 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 1.37. The company’s 50 day simple moving average is $89.94 and its 200 day simple moving average is $84.57. Hexcel Corporation has a 12 month low of $53.87 and a 12 month high of $101.51. The company has a market capitalization of $7.55 billion, a P/E ratio of 65.81, a PEG ratio of 1.49 and a beta of 1.08.
Hexcel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, May 4th. Hexcel’s payout ratio is presently 47.37%.
Analysts Set New Price Targets
HXL has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Hexcel in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price target on shares of Hexcel in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company assumed coverage on shares of Hexcel in a research report on Wednesday, April 1st. They set an “overweight” rating and a $95.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $91.00.
Read Our Latest Research Report on HXL
About Hexcel
Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.
Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.
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