Wilmington Savings Fund Society FSB Sells 2,532 Shares of Hexcel Co. (NYSE:HXL)

Wilmington Savings Fund Society FSB cut its holdings in shares of Hexcel Co. (NYSE:HXL) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,563 shares of the aerospace company’s stock after selling 2,532 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Hexcel were worth $3,923,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Speece Thorson Capital Group Inc. raised its position in shares of Hexcel by 15.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after purchasing an additional 32,960 shares during the period. Barclays PLC grew its stake in Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after acquiring an additional 63,730 shares during the period. FMR LLC lifted its position in Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after acquiring an additional 8,135 shares during the last quarter. Finally, Kopion Asset Management LLC boosted its holdings in shares of Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after acquiring an additional 9,861 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial increased their target price on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Finally, UBS Group boosted their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.09.

Hexcel Stock Up 1.0 %

Shares of HXL opened at $65.28 on Friday. The firm has a 50 day simple moving average of $64.59 and a two-hundred day simple moving average of $62.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The company has a market cap of $5.30 billion, a P/E ratio of 41.05, a P/E/G ratio of 1.84 and a beta of 1.31.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Research analysts forecast that Hexcel Co. will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.17 dividend. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 37.74%.

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.