Copeland Capital Management LLC Sells 16,448 Shares of Hexcel Co. (NYSE:HXL)

Copeland Capital Management LLC lessened its position in Hexcel Co. (NYSE:HXL) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,144,967 shares of the aerospace company’s stock after selling 16,448 shares during the period. Hexcel makes up about 1.3% of Copeland Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Copeland Capital Management LLC’s holdings in Hexcel were worth $71,789,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Hexcel in the second quarter valued at approximately $1,331,000. Central Pacific Bank Trust Division acquired a new position in shares of Hexcel in the third quarter valued at approximately $155,000. Handelsbanken Fonder AB boosted its holdings in shares of Hexcel by 30.9% in the third quarter. Handelsbanken Fonder AB now owns 6,774 shares of the aerospace company’s stock valued at $419,000 after buying an additional 1,600 shares during the period. CWM LLC boosted its holdings in shares of Hexcel by 29.7% in the third quarter. CWM LLC now owns 17,131 shares of the aerospace company’s stock valued at $1,059,000 after buying an additional 3,922 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Hexcel by 19.7% in the third quarter. Inspire Investing LLC now owns 6,682 shares of the aerospace company’s stock valued at $413,000 after buying an additional 1,098 shares during the period. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HXL shares. UBS Group upped their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Wells Fargo & Company increased their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Truist Financial increased their target price 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.09.

Hexcel Stock Performance

Shares of HXL stock opened at $65.16 on Friday. The stock has a market cap of $5.28 billion, a P/E ratio of 40.98, a P/E/G ratio of 1.87 and a beta of 1.30. 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 company has a fifty day moving average price of $64.41 and a two-hundred day moving average price of $62.68. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, equities analysts predict that Hexcel Co. will post 2.16 EPS for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.17 dividend. The ex-dividend date is Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.04%. Hexcel’s dividend payout ratio is presently 37.74%.

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.