Trillium Asset Management LLC Cuts Stock Holdings in Hexcel Co. (NYSE:HXL)

Trillium Asset Management LLC decreased its position in shares of Hexcel Co. (NYSE:HXL) by 36.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 181,778 shares of the aerospace company’s stock after selling 105,086 shares during the period. Trillium Asset Management LLC’s holdings in Hexcel were worth $11,398,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HXL. True Wealth Design LLC purchased a new stake in shares of Hexcel during the third quarter valued at approximately $30,000. Allworth Financial LP lifted its position 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 purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new position in Hexcel during the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC lifted its position in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Hexcel during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HXL. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Royal Bank of Canada increased their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.09.

Hexcel Stock Down 0.6 %

Shares of HXL stock opened at $56.95 on Wednesday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.72 and a beta of 1.30. Hexcel Co. has a one year low of $55.25 and a one year high of $73.58. The company’s fifty day moving average price is $63.56 and its 200-day moving average price is $62.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Sell-side analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.19%. This is a boost 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%.

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.