Pier Capital LLC Increases Holdings in Hexcel Co. (NYSE:HXL)

Pier Capital LLC boosted its position in shares of Hexcel Co. (NYSE:HXL) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,153 shares of the aerospace company’s stock after purchasing an additional 21,800 shares during the quarter. Pier Capital LLC owned about 0.17% of Hexcel worth $8,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in shares of Hexcel by 32.1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 17,011 shares during the period. FMR LLC grew its holdings in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after acquiring an additional 8,135 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after purchasing an additional 24,133 shares during the period. Kopion Asset Management LLC raised its holdings in shares of Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after purchasing an additional 9,861 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Hexcel in the 4th quarter worth approximately $242,000. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of NYSE HXL opened at $57.64 on Tuesday. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. The business’s 50 day moving average price is $62.93 and its 200 day moving average price is $62.25. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.68 billion, a P/E ratio of 36.25, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, sell-side analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Truist Financial lifted their price target on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. Finally, Royal Bank of Canada increased their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.09.

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.