Kopion Asset Management LLC Sells 9,781 Shares of Hexcel Co. (NYSE:HXL)

Kopion Asset Management LLC cut its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,179 shares of the aerospace company's stock after selling 9,781 shares during the period. Hexcel accounts for about 3.8% of Kopion Asset Management LLC's investment portfolio, making the stock its 14th largest position. Kopion Asset Management LLC owned approximately 0.11% of Hexcel worth $4,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HXL. Allworth Financial LP raised its stake in shares of 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 in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Hexcel in the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC grew 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 buying an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel in the 4th quarter valued at approximately $57,000. Finally, Parvin Asset Management LLC acquired a new stake in Hexcel in the 4th quarter valued at approximately $66,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Performance

Shares of HXL traded up $0.42 on Monday, reaching $53.31. 1,462,388 shares of the stock traded hands, compared to its average volume of 977,166. The stock's 50-day moving average price is $51.98 and its 200-day moving average price is $59.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 1.72 and a beta of 1.28. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $71.05.

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

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is 45.03%.

Analyst Ratings Changes

HXL has been the topic of a number of research analyst reports. Barclays lowered their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. UBS Group lowered their target price 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 lowered 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. Truist Financial lowered their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, BMO Capital Markets lowered 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $61.20.

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.