Hexcel Co. (NYSE:HXL) Holdings Decreased by Trexquant Investment LP

Trexquant Investment LP reduced its position in shares of Hexcel Co. (NYSE:HXL) by 83.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,691 shares of the aerospace company’s stock after selling 63,358 shares during the quarter. Trexquant Investment LP’s holdings in Hexcel were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Hexcel during the 4th quarter valued at about $49,000. Manchester Capital Management LLC grew its position in shares of Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel during the fourth quarter worth about $57,000. Finally, GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 206 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Price Performance

Shares of NYSE HXL opened at $51.91 on Friday. The stock has a market cap of $4.17 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.72 and a beta of 1.08. The firm’s 50-day simple moving average is $58.55 and its 200 day simple moving average is $61.36. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two 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.

Hexcel (NYSE:HXL) last issued its quarterly 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 net margin of 6.94% and a return on equity of 10.66%. Equities analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Hexcel’s dividend payout ratio (DPR) is 42.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial dropped their price target on Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. 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 note on Friday, January 24th. Wells Fargo & Company cut their target price on Hexcel from $87.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley reduced their price target on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a report on Friday. Finally, Barclays dropped their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus price target of $69.73.

About Hexcel

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.