Whittier Trust Co. Sells 417 Shares of Hexcel Co. (NYSE:HXL)

Whittier Trust Co. decreased its holdings in shares of Hexcel Co. (NYSE:HXL) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,073 shares of the aerospace company’s stock after selling 417 shares during the quarter. Whittier Trust Co.’s holdings in Hexcel were worth $67,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hexcel by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock worth $65,585,000 after purchasing an additional 10,479 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Hexcel by 36.1% in the 3rd quarter. Cerity Partners LLC now owns 54,468 shares of the aerospace company’s stock valued at $3,368,000 after buying an additional 14,455 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Hexcel by 9.0% in the 3rd quarter. Fisher Asset Management LLC now owns 92,441 shares of the aerospace company’s stock valued at $5,716,000 after buying an additional 7,626 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Hexcel by 52.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock valued at $36,246,000 after buying an additional 200,722 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HXL. Truist Financial lifted their target price 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 boosted 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. Royal Bank of Canada raised their target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.09.

Hexcel Stock Performance

HXL opened at $57.64 on Tuesday. The business’s 50-day simple moving average is $62.93 and its 200 day simple moving average is $62.25. Hexcel Co. has a 52-week low of $55.25 and a 52-week high of $73.58. 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 firm has a market capitalization of $4.68 billion, a PE ratio of 36.25, a PEG ratio of 1.72 and a beta of 1.30.

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

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, February 7th. Hexcel’s payout ratio is currently 42.77%.

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.