Hexcel Co. (NYSE:HXL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in Hexcel Co. (NYSE:HXL) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,742 shares of the aerospace company’s stock after selling 1,469 shares during the period. Yousif Capital Management LLC’s holdings in Hexcel were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Insigneo Advisory Services LLC boosted its stake in Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after buying an additional 202 shares in the last quarter. GAMMA Investing LLC boosted its position in Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Huntington National Bank grew its stake in 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 acquiring an additional 225 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Hexcel by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock valued at $2,728,000 after acquiring an additional 232 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HXL has been the topic of several recent research reports. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial upped their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company boosted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada lifted their target price 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

Shares of NYSE HXL opened at $66.17 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 41.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. The stock’s 50-day moving average is $64.67 and its two-hundred day moving average is $62.73. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. Analysts forecast that Hexcel Co. will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is presently 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.