Cerity Partners LLC Has $2.16 Million Stake in Hexcel Corporation (NYSE:HXL)

Cerity Partners LLC decreased its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,441 shares of the aerospace company's stock after selling 7,388 shares during the period. Cerity Partners LLC's holdings in Hexcel were worth $2,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of Hexcel in the 1st quarter valued at $61,000. Parvin Asset Management LLC acquired a new position in shares of Hexcel in the fourth quarter worth about $66,000. Farther Finance Advisors LLC increased its position in shares of Hexcel by 71.2% in the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after acquiring an additional 499 shares in the last quarter. Huntington National Bank raised its holdings in shares of Hexcel by 21.4% during 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 period. Finally, Brown Brothers Harriman & Co. lifted its position 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 in the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HXL shares. Truist Financial lowered their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets dropped their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley increased their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada lowered their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $59.22.

Hexcel Stock Down 0.4%

NYSE HXL traded down $0.23 on Thursday, reaching $62.37. The stock had a trading volume of 2,121,063 shares, compared to its average volume of 1,022,025. The company has a current ratio of 2.59, a quick ratio of 1.39 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 $56.26 and a 200 day moving average price of $57.66. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 41.31, a P/E/G ratio of 2.12 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a return on equity of 10.36% and a net margin of 6.60%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.09%. Hexcel's dividend payout ratio is 45.03%.

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.