3,663 Shares in Hexcel Co. (NYSE:HXL) Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. purchased a new position in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,663 shares of the aerospace company’s stock, valued at approximately $230,000.

Several other institutional investors have also bought and sold shares of the stock. Insigneo Advisory Services LLC boosted its position in Hexcel by 3.7% in the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. boosted its position in Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after purchasing an additional 202 shares during the last quarter. GAMMA Investing LLC boosted its position in Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Huntington National Bank boosted its position in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock worth $2,728,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of NYSE HXL opened at $58.30 on Monday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 36.67, a P/E/G ratio of 1.72 and a beta of 1.30. 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 stock’s 50-day simple moving average is $64.47 and its two-hundred day simple moving average is $62.72. Hexcel Co. has a twelve month low of $56.85 and a twelve month high of $77.08.

Hexcel (NYSE:HXL) last announced its 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 anticipate that Hexcel Co. will post 2.14 EPS 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 given a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. 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 1.17%. Hexcel’s dividend payout ratio is 42.77%.

Analyst Ratings Changes

HXL has been the topic of several research analyst reports. Royal Bank of Canada boosted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Truist Financial boosted their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. Wells Fargo & Company upped their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.09.

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.