Hexcel Co. (NYSE:HXL) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,091 shares of the aerospace company’s stock after acquiring an additional 691 shares during the period. OLD National Bancorp IN’s holdings in Hexcel were worth $257,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC grew 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 acquiring an additional 172 shares during the period. UMB Bank n.a. lifted its stake in shares of Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after purchasing an additional 202 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Hexcel by 21.1% during the 4th 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 period. Huntington National Bank increased its position in shares of Hexcel by 30.8% during the 3rd 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 raised its holdings in Hexcel by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock valued at $2,728,000 after buying an additional 232 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on HXL shares. Wells Fargo & Company increased their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial increased their price objective on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, UBS Group increased their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel Stock Down 1.4 %

HXL stock opened at $65.16 on Monday. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company’s 50 day moving average price is $64.41 and its 200 day moving average price is $62.64. 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 $5.28 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.87 and a beta of 1.30.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, equities research analysts anticipate that Hexcel Co. will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.17 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.04%. Hexcel’s payout ratio is presently 37.74%.

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.