Roanoke Asset Management Corp NY Has $4.04 Million Stock Position in Hexcel Co. (NYSE:HXL)

Roanoke Asset Management Corp NY lessened its stake in Hexcel Co. (NYSE:HXL) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,379 shares of the aerospace company’s stock after selling 2,496 shares during the quarter. Roanoke Asset Management Corp NY’s holdings in Hexcel were worth $4,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HXL. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Hexcel by 47.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,369 shares of the aerospace company’s stock worth $1,569,000 after acquiring an additional 8,154 shares during the period. State of Alaska Department of Revenue lifted its stake in Hexcel by 3.7% during the third quarter. State of Alaska Department of Revenue now owns 9,492 shares of the aerospace company’s stock worth $586,000 after purchasing an additional 340 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Hexcel by 13.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,592 shares of the aerospace company’s stock valued at $284,000 after purchasing an additional 535 shares in the last quarter. US Bancorp DE increased its stake in shares of Hexcel by 2.7% in the 3rd quarter. US Bancorp DE now owns 41,444 shares of the aerospace company’s stock valued at $2,562,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of Hexcel by 26.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,127 shares of the aerospace company’s stock worth $379,000 after buying an additional 1,279 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL stock opened at $63.41 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The business’s 50 day simple moving average is $64.83 and its 200 day simple moving average is $62.84. The stock has a market capitalization of $5.14 billion, a PE ratio of 39.88, a PEG ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio is presently 42.77%.

Analyst Ratings Changes

A number of research analysts have issued reports on HXL shares. Royal Bank of Canada lifted their target price 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 upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Truist Financial raised their target price on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.