Hexcel Co. (NYSE:HXL) Stock Holdings Reduced by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Hexcel Co. (NYSE:HXL) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,574 shares of the aerospace company’s stock after selling 193 shares during the period. Rhumbline Advisers owned 0.29% of Hexcel worth $12,736,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 441 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Hexcel during the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC grew its holdings in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Hexcel in the 4th quarter worth approximately $57,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HXL. Royal Bank of Canada cut their target price on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. BMO Capital Markets cut their price target on Hexcel from $72.00 to $52.00 and set a “market perform” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. Finally, Morgan Stanley reduced their target price on Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.20.

Hexcel Trading Up 1.0%

Shares of HXL stock opened at $56.38 on Monday. The company has a market capitalization of $4.53 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.72 and a beta of 1.29. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $71.05. 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 firm has a 50-day moving average price of $51.86 and a 200 day moving average price of $58.90.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same period in the previous year, the firm earned $0.44 earnings per share. Research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.21%. Hexcel’s dividend payout ratio (DPR) is 45.03%.

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.