Comerica Bank Acquires 25,314 Shares of Hexcel Co. (NYSE:HXL)

Comerica Bank raised its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 63,316 shares of the aerospace company's stock after acquiring an additional 25,314 shares during the quarter. Comerica Bank owned approximately 0.08% of Hexcel worth $3,970,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. UMB Bank n.a. grew its position in shares of Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock valued at $926,000 after buying an additional 202 shares during the last quarter. Huntington National Bank boosted its holdings in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after acquiring an additional 204 shares during the last quarter. GAMMA Investing LLC increased its position in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after purchasing an additional 206 shares during the period. Insigneo Advisory Services LLC raised its holdings in Hexcel by 4.5% during the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock worth $318,000 after purchasing an additional 218 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after purchasing an additional 220 shares during the period. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HXL shares. BMO Capital Markets dropped their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley decreased their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada dropped their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. Finally, Truist Financial cut their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hexcel currently has a consensus rating of "Hold" and a consensus target price of $61.20.

Hexcel Stock Performance

Shares of Hexcel stock traded down $0.18 during mid-day trading on Friday, hitting $51.72. 1,022,369 shares of the stock were exchanged, compared to its average volume of 953,807. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58. The company has a market capitalization of $4.16 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The company has a 50-day simple moving average of $53.24 and a 200 day simple moving average of $59.90.

Hexcel (NYSE:HXL - Get Free Report) last issued 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 company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the prior year, the business earned $0.44 EPS. Sell-side analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.31%. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

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.