Hexcel Corporation (NYSE:HXL) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 67.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,072 shares of the aerospace company's stock after selling 14,414 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Hexcel were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel during the 4th quarter worth $57,000. NBC Securities Inc. acquired a new stake in Hexcel during the 1st quarter worth $61,000. Parvin Asset Management LLC acquired a new stake in Hexcel during the 4th quarter worth $66,000. Farther Finance Advisors LLC boosted its stake in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after purchasing an additional 499 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Trading Up 0.2%

NYSE:HXL traded up $0.10 on Friday, reaching $56.97. 1,607,564 shares of the company's stock were exchanged, compared to its average volume of 995,539. The company has a quick ratio of 1.39, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of 1.86 and a beta of 1.29. The business has a fifty day moving average of $53.13 and a 200-day moving average of $58.14. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last issued 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). The business had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a return on equity of 10.36% and a net margin of 6.60%. During the same quarter last year, the company earned $0.44 earnings per share. As a group, analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.17 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HXL. Wells Fargo & Company reduced their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Barclays reduced their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley reduced their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a report on Friday, April 11th. BMO Capital Markets reduced their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group reduced their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $61.20.

Hexcel Company 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.