ELCO Management Co. LLC Increases Holdings in Hexcel Corporation (NYSE:HXL)

ELCO Management Co. LLC lifted its holdings in Hexcel Corporation (NYSE:HXL - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,310 shares of the aerospace company's stock after buying an additional 6,550 shares during the quarter. Hexcel makes up about 2.2% of ELCO Management Co. LLC's portfolio, making the stock its 11th biggest position. ELCO Management Co. LLC owned 0.09% of Hexcel worth $4,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new position in Hexcel during the 4th quarter worth $66,000. NBC Securities Inc. purchased a new position in Hexcel during the 1st quarter worth $61,000. Huntington National Bank increased its holdings 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 period. Farther Finance Advisors LLC increased its holdings 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 period. Finally, Brown Brothers Harriman & Co. increased its holdings in Hexcel by 61.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,272 shares of the aerospace company's stock worth $80,000 after purchasing an additional 486 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Down 1.1%

Shares of Hexcel stock traded down $0.68 during trading on Friday, reaching $58.89. The company's stock had a trading volume of 652,316 shares, compared to its average volume of 1,003,280. 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 company has a market cap of $4.74 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 1.98 and a beta of 1.28. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05. The company has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $57.77.

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

Hexcel Announces Dividend

The firm also recently disclosed 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 1.15%. Hexcel's payout ratio is 45.03%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HXL shares. BMO Capital Markets cut 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. Royal Bank Of Canada cut their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. UBS Group cut 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. Morgan Stanley cut 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. Finally, Truist Financial cut their price target on Hexcel from $73.00 to $67.00 and set a "buy" 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 two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.67.

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.