Weybosset Research & Management LLC Acquires 692 Shares of Hexcel Co. (NYSE:HXL)

Weybosset Research & Management LLC lifted its holdings in Hexcel Co. (NYSE:HXL) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,676 shares of the aerospace company’s stock after acquiring an additional 692 shares during the period. Hexcel accounts for about 3.7% of Weybosset Research & Management LLC’s portfolio, making the stock its 12th biggest holding. Weybosset Research & Management LLC owned approximately 0.22% of Hexcel worth $11,015,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC bought a new position in Hexcel in the 3rd quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new stake in Hexcel in the 3rd quarter valued at $56,000. First Horizon Advisors Inc. lifted its stake in Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Hexcel during the third quarter valued at about $62,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 0.1 %

Shares of HXL traded down $0.04 during mid-day trading on Friday, hitting $64.79. The company’s stock had a trading volume of 226,515 shares, compared to its average volume of 771,841. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 1.97 and a beta of 1.30. The company’s 50-day moving average is $62.29 and its 200-day moving average is $62.44. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, equities research analysts forecast that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Hexcel’s dividend payout ratio is presently 45.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen upgraded Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial reduced their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.33.

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.