Y Intercept Hong Kong Ltd Has $1.04 Million Stake in Hexcel Co. (NYSE:HXL)

Y Intercept Hong Kong Ltd grew its stake in Hexcel Co. (NYSE:HXL) by 29.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,628 shares of the aerospace company’s stock after buying an additional 3,740 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hexcel were worth $1,043,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Speece Thorson Capital Group Inc. raised its stake in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after acquiring an additional 32,960 shares in the last quarter. Barclays PLC grew its holdings in 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 purchasing an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after purchasing an additional 63,730 shares during the period. FMR LLC lifted its stake in shares of Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after buying an additional 8,135 shares during the last quarter. Finally, Kopion Asset Management LLC boosted its holdings in shares of Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after buying an additional 9,861 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

HXL has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel Price Performance

Shares of HXL stock opened at $62.41 on Thursday. 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 stock’s fifty day simple moving average is $64.83 and its 200 day simple moving average is $62.82. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL) last issued its earnings results 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, analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

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.