Landscape Capital Management L.L.C. Increases Stock Holdings in Hexcel Co. (NYSE:HXL)

Landscape Capital Management L.L.C. grew its holdings in shares of Hexcel Co. (NYSE:HXL) by 67.4% during the fourth quarter, Holdings Channel reports. The firm owned 13,136 shares of the aerospace company’s stock after purchasing an additional 5,290 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Hexcel were worth $824,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HXL. Norges Bank acquired a new position in shares of Hexcel in the fourth quarter worth $60,241,000. Brandes Investment Partners LP boosted its holdings in Hexcel by 99.6% in 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 purchasing an additional 651,062 shares during the period. Thrivent Financial for Lutherans grew its stake in Hexcel by 249.6% during the 4th 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 in the last quarter. DAVENPORT & Co LLC increased its holdings in Hexcel by 1,153.9% during the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after purchasing an additional 493,218 shares during the period. Finally, American Century Companies Inc. raised its position 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 valued at $75,123,000 after purchasing an additional 480,207 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Down 6.1 %

Hexcel stock opened at $48.27 on Friday. The stock has a 50-day simple moving average of $60.70 and a 200-day simple moving average of $61.90. The company has a market capitalization of $3.88 billion, a P/E ratio of 30.36, a PEG ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a fifty-two week low of $46.21 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed 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 1.41%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

Wall Street Analyst Weigh In

HXL has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Royal Bank of Canada raised their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barclays decreased their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. TD Cowen raised Hexcel to a “hold” rating in a report on Monday, February 24th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.25.

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.