Rockefeller Capital Management L.P. Raises Stock Position in Hexcel Co. (NYSE:HXL)

Rockefeller Capital Management L.P. lifted its stake in Hexcel Co. (NYSE:HXL) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,350 shares of the aerospace company’s stock after purchasing an additional 17,892 shares during the period. Rockefeller Capital Management L.P.’s holdings in Hexcel were worth $14,004,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its position in shares of Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock worth $125,172,000 after buying an additional 395,744 shares during the period. Sei Investments Co. boosted its stake in Hexcel by 9.0% during the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after acquiring an additional 122,281 shares in the last quarter. Brandes Investment Partners LP grew 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 worth $81,803,000 after purchasing an additional 651,062 shares during the period. American Century Companies Inc. increased its stake in shares of Hexcel by 66.9% during the fourth 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. Finally, Channing Capital Management LLC lifted its holdings in shares of Hexcel by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock valued at $70,768,000 after purchasing an additional 105,510 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

HXL has been the topic of several recent research reports. Barclays cut their price target on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Friday, April 11th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Wells Fargo & Company restated an “equal weight” rating and set a $55.00 price objective (down from $63.00) on shares of Hexcel in a research note on Tuesday. Finally, Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and a consensus price target of $69.00.

Hexcel Trading Down 1.0 %

Shares of HXL stock opened at $52.23 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $73.58. The stock has a market capitalization of $4.20 billion, a P/E ratio of 32.85, a P/E/G ratio of 1.72 and a beta of 1.08. The firm’s 50 day moving average is $58.08 and its 200 day moving average is $61.24.

Hexcel (NYSE:HXL) last posted 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 net margin of 6.94% and a return on equity of 10.66%. Research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current 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 paid a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. Hexcel’s dividend payout ratio is 42.77%.

Hexcel 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.