Ieq Capital LLC Acquires 29,167 Shares of Hexcel Co. (NYSE:HXL)

Ieq Capital LLC increased its stake in shares of Hexcel Co. (NYSE:HXL) by 569.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,288 shares of the aerospace company’s stock after buying an additional 29,167 shares during the quarter. Ieq Capital LLC’s holdings in Hexcel were worth $2,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. True Wealth Design LLC bought a new stake in Hexcel during the 3rd quarter worth about $30,000. Allworth Financial LP grew its position in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after buying an additional 567 shares during the period. Manchester Capital Management LLC raised its stake in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after buying an additional 420 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Hexcel in the third quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. boosted its stake in Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 326 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

Shares of HXL stock opened at $62.68 on Monday. The company has a fifty day moving average price of $64.88 and a two-hundred day moving average price of $62.82. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The stock has a market cap of $5.09 billion, a P/E ratio of 39.42, a P/E/G ratio of 1.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, equities analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.08%. 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 analysts recently commented on HXL shares. Royal Bank of Canada raised their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. BMO Capital Markets dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Truist Financial boosted 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. Finally, Wells Fargo & Company lifted their target price on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.