Cresset Asset Management LLC Sells 14,210 Shares of Hexcel Co. (NYSE:HXL)

Cresset Asset Management LLC lessened its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,358 shares of the aerospace company's stock after selling 14,210 shares during the quarter. Cresset Asset Management LLC's holdings in Hexcel were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HXL. Barclays PLC lifted its position in shares of Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock worth $4,330,000 after purchasing an additional 17,011 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Hexcel by 27.6% in the fourth quarter. Park Avenue Securities LLC now owns 13,375 shares of the aerospace company's stock worth $839,000 after purchasing an additional 2,890 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Hexcel by 33.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,416 shares of the aerospace company's stock worth $653,000 after purchasing an additional 2,632 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Hexcel in the fourth quarter worth $242,000. Finally, UMB Bank n.a. lifted its position in shares of Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets dropped their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group dropped their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Barclays dropped their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen lowered shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. Finally, Wells Fargo & Company dropped their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Stock Performance

Shares of HXL stock traded up $0.17 during trading on Thursday, reaching $52.06. 837,903 shares of the company's stock were exchanged, compared to its average volume of 963,507. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm's fifty day moving average price is $52.68 and its 200-day moving average price is $59.48. Hexcel Co. has a twelve month low of $45.28 and a twelve month high of $71.72. The stock has a market capitalization of $4.19 billion, a PE ratio of 32.74, a PEG ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last announced its 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 6.94% and a return on equity of 10.66%. The business had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same period in the previous year, the firm posted $0.44 EPS. As a group, sell-side analysts anticipate that Hexcel Co. 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. Stockholders of record on Friday, May 2nd were given a $0.17 dividend. 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 payout ratio 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.