Hexcel Co. (NYSE:HXL) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in Hexcel Co. (NYSE:HXL) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,665 shares of the aerospace company’s stock after selling 779 shares during the period. US Bancorp DE owned approximately 0.05% of Hexcel worth $2,550,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HXL. DAVENPORT & Co LLC increased its holdings in Hexcel by 1,153.9% in the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock valued at $33,546,000 after purchasing an additional 493,218 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in Hexcel in the 4th quarter valued at $14,148,000. The Manufacturers Life Insurance Company grew its stake in shares of Hexcel by 52.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock valued at $36,246,000 after acquiring an additional 200,722 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Hexcel by 588.3% during the third quarter. Rockefeller Capital Management L.P. now owns 205,458 shares of the aerospace company’s stock valued at $12,704,000 after acquiring an additional 175,608 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of NYSE HXL opened at $58.03 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $64.67 and its two-hundred day moving average price is $62.79. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The stock has a market capitalization of $4.71 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, sell-side analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.17%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial raised their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their target price on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada raised their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.09.

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.