Tower Research Capital LLC TRC Purchases 5,589 Shares of Hexcel Co. (NYSE:HXL)

Tower Research Capital LLC TRC increased its position in Hexcel Co. (NYSE:HXL) by 315.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,363 shares of the aerospace company’s stock after buying an additional 5,589 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hexcel were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings 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 acquiring an additional 395,744 shares during the last quarter. Sei Investments Co. lifted its stake in Hexcel by 9.0% in the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after purchasing an additional 122,281 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hexcel by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock valued at $90,104,000 after buying an additional 24,393 shares during the period. Brandes Investment Partners LP grew its stake in shares of Hexcel by 99.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock valued at $81,803,000 after buying an additional 651,062 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Hexcel by 66.9% in the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock worth $75,123,000 after buying an additional 480,207 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 1.5 %

Shares of NYSE:HXL opened at $49.80 on Wednesday. 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 $4.00 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.72 and a beta of 1.08. The stock has a fifty day simple moving average of $55.11 and a two-hundred day simple moving average of $60.56. 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 (NYSE:HXL) last announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, research analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel’s dividend payout ratio (DPR) is currently 45.03%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial reduced their price target on Hexcel from $73.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada decreased their target price on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price target on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, April 11th. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Sunday. Finally, UBS Group reduced their target price on Hexcel from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.20.

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.