State of Alaska Department of Revenue Sells 255 Shares of Hexcel Co. (NYSE:HXL)

State of Alaska Department of Revenue trimmed its position in shares of Hexcel Co. (NYSE:HXL) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,237 shares of the aerospace company’s stock after selling 255 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hexcel were worth $579,000 at the end of the most recent reporting period.

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

Hexcel Stock Up 2.1 %

Shares of NYSE HXL opened at $65.56 on Friday. The company has a 50 day simple moving average of $64.75 and a 200-day simple moving average of $62.76. 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 capitalization of $5.32 billion, a P/E ratio of 41.23, a P/E/G ratio of 1.84 and a beta of 1.31. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, equities research analysts predict that Hexcel Co. will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 37.74%.

Analysts Set New Price Targets

HXL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Tuesday. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Wells Fargo & Company boosted their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.09.

About Hexcel

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.