Neuberger Berman Group LLC Reduces Stock Holdings in Hexcel Co. (NYSE:HXL)

Neuberger Berman Group LLC cut its holdings in Hexcel Co. (NYSE:HXL) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,650 shares of the aerospace company’s stock after selling 738 shares during the quarter. Neuberger Berman Group LLC’s holdings in Hexcel were worth $981,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HXL. FMR LLC lifted its stake in shares of Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after buying an additional 8,135 shares during the period. Quantinno Capital Management LP purchased a new position in Hexcel in the 3rd quarter worth $299,000. MML Investors Services LLC lifted its position in Hexcel by 4.1% during the 3rd quarter. MML Investors Services LLC now owns 37,673 shares of the aerospace company’s stock worth $2,329,000 after acquiring an additional 1,497 shares during the period. Barclays PLC grew its stake in Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after purchasing an additional 17,011 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Hexcel by 59.4% in the third quarter. Sanctuary Advisors LLC now owns 33,076 shares of the aerospace company’s stock valued at $2,024,000 after purchasing an additional 12,329 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial decreased their target price on Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, March 28th. Barclays decreased their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada increased their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company decreased their target price on shares of Hexcel from $87.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hexcel presently has a consensus rating of “Hold” and an average target price of $69.73.

Hexcel Trading Up 1.6 %

Shares of Hexcel stock opened at $51.91 on Friday. The firm has a 50-day simple moving average of $58.55 and a two-hundred day simple moving average of $61.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $73.58. The company has a market cap of $4.17 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. As a group, equities analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal 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 given a dividend of $0.17 per share. This is a positive change 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 1.31%. Hexcel’s dividend payout ratio (DPR) is 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.