Massachusetts Financial Services Co. MA Has $98.97 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Hexcel Co. (NYSE:HXL) by 36.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,600,619 shares of the aerospace company’s stock after purchasing an additional 425,402 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Hexcel were worth $98,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Summit Financial LLC lifted its position in shares of Hexcel by 2.9% in the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after buying an additional 153 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Hexcel by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 182 shares during the period. Huntington National Bank raised its position in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the period. GAMMA Investing LLC lifted its stake in shares of Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after buying an additional 276 shares during the last quarter. Finally, NBW Capital LLC raised its holdings in Hexcel by 1.1% in the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after acquiring an additional 302 shares during the period. Institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of Hexcel stock opened at $61.19 on Friday. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The firm has a market cap of $4.96 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The firm’s 50-day simple moving average is $60.97 and its 200-day simple moving average is $63.61.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. As a group, research analysts expect that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Hexcel’s payout ratio is presently 45.80%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HXL. BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Truist Financial lowered their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.31.

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.