WR Wealth Planners LLC Sells 995 Shares of Hexcel Co. (NYSE:HXL)

WR Wealth Planners LLC lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 10.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,327 shares of the aerospace company’s stock after selling 995 shares during the period. WR Wealth Planners LLC’s holdings in Hexcel were worth $522,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. True Wealth Design LLC purchased a new position in shares of Hexcel in the third quarter valued at about $30,000. Allworth Financial LP lifted its position 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 valued at $42,000 after acquiring an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel in the fourth quarter valued at about $49,000. Manchester Capital Management LLC lifted its position 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 valued at $53,000 after acquiring an additional 420 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Hexcel in the third quarter valued at about $56,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HXL. Royal Bank of Canada boosted their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Thursday. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Trading Up 1.7 %

Shares of HXL stock opened at $63.41 on Friday. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $64.83 and its two-hundred day simple moving average is $62.84. The company has a market cap of $5.14 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL) last issued 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 return on equity of 10.66% and a net margin of 6.94%. Research analysts predict 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. Stockholders of record on Friday, February 7th were paid 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 was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. Hexcel’s dividend payout ratio is currently 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.