Commonwealth Equity Services LLC Decreases Stake in Hexcel Co. (NYSE:HXL)

Commonwealth Equity Services LLC reduced its stake in shares of Hexcel Co. (NYSE:HXL) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,766 shares of the aerospace company’s stock after selling 906 shares during the period. Commonwealth Equity Services LLC owned approximately 0.14% of Hexcel worth $7,259,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Hexcel in the 3rd quarter worth about $30,000. Allworth Financial LP boosted its position in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel in the 4th quarter worth about $49,000. Manchester Capital Management LLC boosted its position in shares of Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after buying an additional 420 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hexcel in the 4th quarter worth about $57,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Wells Fargo & Company boosted their target price on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.09.

Hexcel Trading Down 1.8 %

NYSE HXL opened at $56.83 on Friday. Hexcel Co. has a 12 month low of $55.25 and a 12 month high of $73.58. The company has a 50-day moving average of $63.27 and a 200-day moving average of $62.30. 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 company has a market cap of $4.61 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting 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, equities 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. Investors of record on Friday, February 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. 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.