Austin Asset Management Co Inc Reduces Position in Hexcel Co. (NYSE:HXL)

Austin Asset Management Co Inc reduced its position in shares of Hexcel Co. (NYSE:HXL) by 23.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,600 shares of the aerospace company’s stock after selling 1,400 shares during the period. Austin Asset Management Co Inc’s holdings in Hexcel were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Insigneo Advisory Services LLC lifted its holdings in Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after buying an additional 172 shares during the last quarter. UMB Bank n.a. raised its position in shares of Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after acquiring an additional 202 shares in the last quarter. GAMMA Investing LLC lifted its stake in Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Huntington National Bank boosted its holdings in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock valued at $2,728,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HXL shares. Wells Fargo & Company boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Truist Financial boosted their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets reduced their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Trading Up 1.0 %

Shares of HXL stock opened at $65.28 on Friday. The company has a market capitalization of $5.29 billion, a P/E ratio of 41.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $64.59 and its two-hundred day moving average is $62.70. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09.

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

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.17 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 7th. Hexcel’s dividend payout ratio is currently 42.77%.

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.