Hexcel Co. (NYSE:HXL) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in shares of Hexcel Co. (NYSE:HXL) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,532,703 shares of the aerospace company’s stock after selling 168,984 shares during the quarter. Schroder Investment Management Group’s holdings in Hexcel were worth $95,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HXL. True Wealth Design LLC purchased a new position in shares of Hexcel in the 3rd quarter valued at $30,000. Allworth Financial LP boosted its stake in 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 during the fourth quarter worth about $49,000. Manchester Capital Management LLC increased its position in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after purchasing 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 valued at about $57,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 3.1 %

NYSE HXL opened at $56.28 on Monday. 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 stock has a market capitalization of $4.52 billion, a P/E ratio of 35.40, a P/E/G ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 52-week low of $55.25 and a 52-week high of $73.58. The firm has a 50-day moving average price of $62.23 and a 200 day moving average price of $62.18.

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 return on equity of 10.66% and a net margin of 6.94%. Equities research analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, February 7th. Hexcel’s payout ratio is presently 42.77%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Finally, Truist Financial reduced their target price on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.64.

About Hexcel

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.