Hexcel Co. (NYSE:HXL) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its position in Hexcel Co. (NYSE:HXL) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,486 shares of the aerospace company’s stock after selling 603 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Hexcel were worth $1,347,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after buying an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after acquiring an additional 63,730 shares during the last quarter. FMR LLC increased its stake in shares of Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after acquiring an additional 8,135 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after purchasing an additional 24,133 shares during the last quarter. Finally, Kopion Asset Management LLC lifted its position in Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after purchasing an additional 9,861 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Down 1.8 %

HXL stock opened at $55.80 on Friday. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $63.09 and a 200-day simple moving average of $62.25. The stock has a market capitalization of $4.53 billion, a P/E ratio of 35.09, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. Hexcel’s dividend payout ratio is presently 42.77%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. Wells Fargo & Company boosted their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada upped their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Finally, Truist Financial increased their price target on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hexcel presently has a consensus rating of “Hold” and a consensus target price of $73.09.

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.