ELCO Management Co. LLC Sells 3,550 Shares of Hexcel Co. (NYSE:HXL)

ELCO Management Co. LLC cut its holdings in shares of Hexcel Co. (NYSE:HXL) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,760 shares of the aerospace company’s stock after selling 3,550 shares during the period. Hexcel comprises approximately 2.2% of ELCO Management Co. LLC’s investment portfolio, making the stock its 11th biggest position. ELCO Management Co. LLC owned 0.08% of Hexcel worth $4,186,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Allworth Financial LP lifted its position in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Hexcel during the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC increased its position in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel in the fourth quarter valued at approximately $57,000. Finally, Huntington National Bank grew its stake in shares of Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after buying an additional 204 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Down 0.7 %

HXL opened at $47.39 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market capitalization of $3.81 billion, a PE ratio of 29.80, a P/E/G ratio of 1.72 and a beta of 1.08. The company’s 50-day moving average is $59.56 and its 200 day moving average is $61.62. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL) last announced its 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, research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HXL. Barclays reduced their price objective on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Wells Fargo & Company reduced their target price on shares of Hexcel from $87.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Finally, Royal Bank of Canada increased their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.25.

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.