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

Landscape Capital Management L.L.C. grew its stake in Hexcel Co. (NYSE:HXL) by 67.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Allworth Financial LP boosted its holdings in Hexcel by 1,069.8% in 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 last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel in the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC boosted its stake in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hexcel during the fourth quarter worth approximately $57,000. Finally, Huntington National Bank raised its stake in Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hexcel Trading Down 6.1 %

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

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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, research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 1.41%. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio is currently 42.77%.

About Hexcel

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.