Crossmark Global Holdings Inc. Sells 215 Shares of Hexcel Co. (NYSE:HXL)

Crossmark Global Holdings Inc. cut its position in shares of Hexcel Co. (NYSE:HXL) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,522 shares of the aerospace company’s stock after selling 215 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hexcel were worth $342,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Hexcel in the 3rd quarter worth $56,000. Eastern Bank bought a new position in shares of Hexcel during the third quarter valued at about $62,000. GAMMA Investing LLC increased its holdings in shares of Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after buying an additional 276 shares during the period. Whittier Trust Co. lifted its stake in shares of Hexcel by 38.9% in the 3rd quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock valued at $92,000 after acquiring an additional 417 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Hexcel during the 2nd quarter valued at about $128,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HXL shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Hexcel from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. BMO Capital Markets lowered their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Finally, UBS Group raised their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.54.

Hexcel Price Performance

HXL stock opened at $59.53 on Monday. The firm has a 50-day moving average of $61.12 and a 200 day moving average of $63.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The company has a market cap of $4.82 billion, a P/E ratio of 45.44, a PEG ratio of 1.76 and a beta of 1.30. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

Hexcel Company 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.