Janney Montgomery Scott LLC Sells 33,963 Shares of Hexcel Corporation (NYSE:HXL)

Janney Montgomery Scott LLC reduced its position in Hexcel Corporation (NYSE:HXL - Free Report) by 78.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,548 shares of the aerospace company's stock after selling 33,963 shares during the quarter. Janney Montgomery Scott LLC's holdings in Hexcel were worth $523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HXL. Charles Schwab Investment Management Inc. lifted its position in shares of Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock worth $68,021,000 after buying an additional 24,133 shares during the period. SG Americas Securities LLC bought a new stake in Hexcel in the first quarter valued at $281,000. Farther Finance Advisors LLC grew its position in Hexcel by 71.2% in the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after acquiring an additional 499 shares during the period. Intech Investment Management LLC grew its position in Hexcel by 139.2% in the fourth quarter. Intech Investment Management LLC now owns 177,350 shares of the aerospace company's stock valued at $11,120,000 after acquiring an additional 103,199 shares during the period. Finally, Atria Investments Inc grew its position in Hexcel by 56.2% in the fourth quarter. Atria Investments Inc now owns 25,510 shares of the aerospace company's stock valued at $1,599,000 after acquiring an additional 9,176 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Trading Down 0.4%

NYSE:HXL traded down $0.24 during trading hours on Friday, hitting $57.30. 438,483 shares of the stock were exchanged, compared to its average volume of 995,624. The company has a market capitalization of $4.61 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.28. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. 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's 50 day moving average is $53.87 and its two-hundred day moving average is $57.92.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results 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 firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.36% and a net margin of 6.60%. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.19%. Hexcel's dividend payout ratio is currently 45.03%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HXL. Wall Street Zen cut Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. Morgan Stanley reduced their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a report on Friday, April 11th. Royal Bank Of Canada decreased their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Truist Financial cut their price objective on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets decreased their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $58.67.

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.