Hexcel Co. (NYSE:HXL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in Hexcel Co. (NYSE:HXL) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,766 shares of the aerospace company’s stock after selling 906 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Hexcel were worth $7,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Hexcel in the 3rd quarter worth approximately $30,000. Allworth Financial LP boosted its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Hexcel in the 4th quarter worth approximately $49,000. Manchester Capital Management LLC boosted its holdings in Hexcel by 100.0% in the 4th 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. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Hexcel in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

HXL stock opened at $56.83 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.61 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 12-month low of $55.25 and a 12-month high of $73.58. The stock’s 50 day simple moving average is $63.27 and its 200 day simple moving average is $62.30.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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%. As a group, equities research analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.20%. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial upped their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company increased their target price on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.09.

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.