Squarepoint Ops LLC Sells 284,765 Shares of Hexcel Co. (NYSE:HXL)

Squarepoint Ops LLC trimmed its position in Hexcel Co. (NYSE:HXL - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 209,558 shares of the aerospace company's stock after selling 284,765 shares during the quarter. Squarepoint Ops LLC owned approximately 0.26% of Hexcel worth $13,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HXL. Allworth Financial LP raised its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new position in Hexcel in the 4th quarter valued at about $49,000. Manchester Capital Management LLC raised its holdings in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Hexcel in the 4th quarter valued at about $57,000. Finally, Parvin Asset Management LLC bought a new position in Hexcel in the 4th quarter valued at about $66,000. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price 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. Barclays decreased their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Truist Financial cut their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Royal Bank of Canada reduced their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $61.20.

Hexcel Price Performance

Shares of NYSE HXL traded down $0.51 during mid-day trading on Wednesday, hitting $52.38. 163,006 shares of the stock traded hands, compared to its average volume of 964,024. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a twelve month low of $45.28 and a twelve month high of $71.05. The company has a market cap of $4.21 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The firm has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $59.22.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. During the same period last year, the business earned $0.44 EPS. As a group, equities research analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

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.