Securian Asset Management Inc. Decreases Holdings in Hexcel Co. (NYSE:HXL)

Securian Asset Management Inc. decreased its stake in Hexcel Co. (NYSE:HXL) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,123 shares of the aerospace company’s stock after selling 233 shares during the period. Securian Asset Management Inc.’s holdings in Hexcel were worth $384,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in HXL. True Wealth Design LLC bought a new stake in Hexcel in the third quarter worth about $30,000. Allworth Financial LP raised its position in Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Hexcel in the fourth quarter worth about $49,000. Manchester Capital Management LLC raised its position in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Hexcel in the fourth quarter worth about $57,000. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HXL shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Finally, Truist Financial upped 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $73.09.

Hexcel Price Performance

Shares of Hexcel stock opened at $56.95 on Wednesday. Hexcel Co. has a 52-week low of $55.25 and a 52-week high of $73.58. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a fifty day moving average of $63.56 and a 200-day moving average of $62.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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 research 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. Shareholders 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 represents a $0.68 annualized dividend and a yield of 1.19%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is presently 42.77%.

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.