Greenwood Capital Associates LLC Sells 185 Shares of Hexcel Co. (NYSE:HXL)

Greenwood Capital Associates LLC lowered its stake in shares of Hexcel Co. (NYSE:HXL) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,367 shares of the aerospace company’s stock after selling 185 shares during the period. Greenwood Capital Associates LLC’s holdings in Hexcel were worth $462,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Willis Investment Counsel raised its position in Hexcel by 2.2% during the fourth quarter. Willis Investment Counsel now owns 16,850 shares of the aerospace company’s stock worth $1,056,000 after acquiring an additional 362 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Hexcel by 1,153.9% during the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after purchasing an additional 493,218 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Hexcel by 20.3% in the 4th quarter. OLD National Bancorp IN now owns 4,091 shares of the aerospace company’s stock valued at $257,000 after purchasing an additional 691 shares during the period. KBC Group NV lifted its stake in Hexcel by 57.6% in the 4th quarter. KBC Group NV now owns 3,568 shares of the aerospace company’s stock valued at $224,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Hexcel by 8.0% during the fourth quarter. Blue Trust Inc. now owns 6,158 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Royal Bank of Canada upped their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Truist Financial raised their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.09.

Hexcel Stock Down 0.9 %

Shares of HXL opened at $64.14 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 $57.50 and a 12 month high of $77.09. The firm’s 50 day moving average is $64.49 and its 200-day moving average is $62.67. The stock has a market capitalization of $5.19 billion, a PE ratio of 40.34, a P/E/G ratio of 1.85 and a beta of 1.31.

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

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 7th. Hexcel’s dividend payout ratio is presently 37.74%.

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.