Securian Asset Management Inc. Has $384,000 Stock Position in Hexcel Co. (NYSE:HXL)

Securian Asset Management Inc. reduced its stake in Hexcel Co. (NYSE:HXL) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,123 shares of the aerospace company’s stock after selling 233 shares during the quarter. Securian Asset Management Inc.’s holdings in Hexcel were worth $384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in shares of Hexcel in the third quarter worth approximately $30,000. Allworth Financial LP lifted its stake in shares of 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 acquired a new position in shares of Hexcel in the fourth quarter worth approximately $49,000. Manchester Capital Management LLC lifted its stake in shares of 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 acquired a new position in shares of Hexcel in the fourth quarter worth approximately $57,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on HXL shares. TD Cowen raised Hexcel to a “hold” rating in a research note on Monday, February 24th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company boosted their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Truist Financial boosted their price target on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and an average price target of $73.09.

Hexcel Trading Down 0.6 %

Shares of Hexcel stock opened at $56.95 on Wednesday. The stock has a fifty day simple moving average of $63.56 and a 200 day simple moving average of $62.37. Hexcel Co. has a 12-month low of $55.25 and a 12-month high of $73.58. The company has a market capitalization of $4.62 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

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

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued 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 an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 42.77%.

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.