Kestra Investment Management LLC Sells 1,829 Shares of Hexcel Co. (NYSE:HXL)

Kestra Investment Management LLC decreased its holdings in shares of Hexcel Co. (NYSE:HXL) by 41.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,533 shares of the aerospace company’s stock after selling 1,829 shares during the quarter. Kestra Investment Management LLC’s holdings in Hexcel were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Hexcel by 36.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after purchasing an additional 425,402 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Hexcel by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock worth $65,585,000 after purchasing an additional 10,479 shares during the period. Ceredex Value Advisors LLC increased its holdings in shares of Hexcel by 34.8% in the third quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock worth $60,182,000 after purchasing an additional 251,062 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Hexcel by 52.1% in the third quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock worth $36,246,000 after purchasing an additional 200,722 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after purchasing an additional 63,730 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

HXL has been the topic of several research analyst reports. Royal Bank of Canada upped their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial upped their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. 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 report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.09.

Hexcel Stock Performance

NYSE HXL opened at $64.09 on Friday. The company has a 50-day simple moving average of $64.91 and a two-hundred day simple moving average of $62.79. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 1.92 and a beta of 1.31.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, equities analysts forecast that Hexcel Co. will post 2.16 EPS for the current year.

Hexcel Increases Dividend

The company also recently disclosed 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 represents a $0.68 annualized dividend and a dividend yield of 1.06%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. 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.