Alberta Investment Management Corp Makes New $967,000 Investment in Hexcel Co. (NYSE:HXL)

Alberta Investment Management Corp purchased a new stake in shares of Hexcel Co. (NYSE:HXL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,415 shares of the aerospace company’s stock, valued at approximately $967,000.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Hexcel during the 3rd quarter valued at $30,000. Allworth Financial LP raised its holdings in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 567 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Hexcel during the third quarter worth about $56,000. Finally, First Horizon Advisors Inc. grew its position in shares of Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of research analyst reports. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group boosted their price target on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.09.

Hexcel Stock Performance

NYSE:HXL opened at $62.68 on Friday. The firm has a market capitalization of $5.09 billion, a PE ratio of 39.42, a PEG ratio of 1.86 and a beta of 1.31. The stock’s fifty day moving average is $64.88 and its 200 day moving average is $62.80. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL) last released 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%. On average, sell-side analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.08%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

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.