32,021 Shares in Hexcel Co. (NYSE:HXL) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Hexcel Co. (NYSE:HXLFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,021 shares of the aerospace company’s stock, valued at approximately $2,362,000.

Several other large investors have also recently modified their holdings of HXL. CENTRAL TRUST Co raised its stake in shares of Hexcel by 68.1% during the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 179 shares in the last quarter. Creative Planning purchased a new stake in Hexcel during the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC grew its position in Hexcel by 100.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 412 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 206 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Hexcel during the 2nd quarter worth approximately $31,000. Finally, RiverPark Advisors LLC purchased a new stake in Hexcel during the 3rd quarter worth approximately $41,000. Institutional investors own 95.47% of the company’s stock.

Hexcel Trading Up 2.2 %

Shares of HXL opened at $63.71 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.68 and a debt-to-equity ratio of 0.41. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $79.08. The firm has a 50-day moving average price of $72.39 and a 200 day moving average price of $69.68. The firm has a market capitalization of $5.29 billion, a P/E ratio of 51.38, a P/E/G ratio of 1.29 and a beta of 1.23.

Hexcel (NYSE:HXLGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $474.01 million. During the same period in the previous year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Hexcel Co. will post 2.23 EPS for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were paid a $0.15 dividend. This is a positive change from Hexcel’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, February 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Hexcel’s dividend payout ratio (DPR) is presently 48.39%.

Insider Activity at Hexcel

In related news, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the sale, the insider now owns 50,371 shares of the company’s stock, valued at $3,608,074.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now owns 3,375 shares of the company’s stock, valued at $243,337.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the sale, the insider now directly owns 50,371 shares in the company, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HXL. BMO Capital Markets boosted their target price on shares of Hexcel from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus upped their price objective on shares of Hexcel from $81.00 to $89.00 and gave the company a “buy” rating in a report on Friday, February 16th. Truist Financial raised shares of Hexcel from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $96.00 in a report on Wednesday, January 10th. Morgan Stanley downgraded shares of Hexcel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $70.00 to $66.00 in a report on Thursday, February 22nd. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average price target of $76.57.

View Our Latest Stock Analysis on HXL

Hexcel Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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