Hexcel Co. (NYSE:HXL) Stock Position Decreased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Hexcel Co. (NYSE:HXL) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 86,835 shares of the aerospace company’s stock after selling 17,416 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hexcel were worth $5,445,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Insigneo Advisory Services LLC boosted its stake in shares of Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after acquiring an additional 172 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after buying an additional 202 shares during the period. GAMMA Investing LLC boosted its position in shares of Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after buying an additional 206 shares during the period. Huntington National Bank boosted its position in Hexcel by 30.8% during 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 last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Hexcel by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock valued at $2,728,000 after purchasing an additional 232 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Trading Up 1.8 %

Hexcel stock opened at $56.47 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business’s 50-day simple moving average is $63.84 and its 200-day simple moving average is $62.47. The firm has a market capitalization of $4.58 billion, a PE ratio of 35.51, a PEG ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 52 week low of $55.24 and a 52 week high of $73.58.

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%. Equities research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. Wells Fargo & Company lifted 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. Truist Financial lifted their price objective on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada raised their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two 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 company’s stock. According to data from MarketBeat, Hexcel has an average rating of “Hold” and a consensus target price of $73.09.

Hexcel Company 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.