Hexcel Corporation (NYSE:HXL) Shares Sold by CenterBook Partners LP

CenterBook Partners LP decreased its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,820 shares of the aerospace company's stock after selling 6,462 shares during the period. CenterBook Partners LP's holdings in Hexcel were worth $866,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HXL. Parvin Asset Management LLC acquired a new stake in Hexcel in the 4th quarter valued at about $66,000. NBC Securities Inc. acquired a new stake in Hexcel in the 1st quarter valued at about $61,000. Huntington National Bank increased its holdings in shares of Hexcel by 21.4% in the 4th 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. Farther Finance Advisors LLC increased its holdings in shares of Hexcel by 71.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after acquiring an additional 499 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Hexcel by 61.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,272 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 486 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HXL. Wells Fargo & Company dropped their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Truist Financial lowered their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lifted their target price on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday. Barclays lowered their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Finally, UBS Group reduced their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $59.22.

Hexcel Trading Down 0.2%

Shares of NYSE:HXL traded down $0.12 during midday trading on Friday, reaching $60.59. The company's stock had a trading volume of 833,590 shares, compared to its average volume of 991,310. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. The company has a quick ratio of 1.39, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. The business has a 50 day moving average price of $55.65 and a 200 day moving average price of $57.66.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a net margin of 6.60% and a return on equity of 10.36%. The firm had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. During the same period last year, the firm posted $0.44 EPS. Research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is 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.