Greenwood Capital Associates LLC Sells 185 Shares of Hexcel Co. (NYSE:HXL)

Greenwood Capital Associates LLC trimmed its position in Hexcel Co. (NYSE:HXL) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,367 shares of the aerospace company’s stock after selling 185 shares during the period. Greenwood Capital Associates LLC’s holdings in Hexcel were worth $462,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in Hexcel in the third quarter valued at about $30,000. Capital Performance Advisors LLP bought a new position in shares of Hexcel in the 3rd quarter valued at about $56,000. First Horizon Advisors Inc. boosted its stake in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the last quarter. Huntington National Bank grew its position in shares of Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after buying an additional 225 shares during the period. Finally, Eastern Bank bought a new stake in shares of Hexcel during the third quarter worth approximately $62,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of NYSE HXL opened at $64.14 on Wednesday. The company has a fifty day moving average price of $64.49 and a 200 day moving average price of $62.67. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The firm has a market cap of $5.19 billion, a PE ratio of 40.34, a PEG 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.

Hexcel (NYSE:HXL) last posted its quarterly earnings data 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 return on equity of 10.66% and a net margin of 6.94%. Research analysts predict that Hexcel Co. will post 2.16 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.06%. Hexcel’s dividend payout ratio is presently 37.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HXL. UBS Group lifted their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company boosted their target price on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.09.

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.