Leeward Investments LLC MA Has $15.74 Million Stock Position in Hexcel Corporation (NYSE:HXL)

Leeward Investments LLC MA lowered its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,367 shares of the aerospace company's stock after selling 11,724 shares during the quarter. Leeward Investments LLC MA owned about 0.36% of Hexcel worth $15,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in Hexcel by 10.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company's stock valued at $285,000 after buying an additional 492 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $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 1st quarter valued at $281,000. GAMMA Investing LLC increased its holdings in Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock valued at $126,000 after buying an additional 1,125 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Hexcel by 71.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after buying an additional 499 shares during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Up 0.1%

Shares of HXL traded up $0.03 during mid-day trading on Monday, hitting $57.33. 675,661 shares of the company's stock were exchanged, compared to its average volume of 994,344. The company has a market cap of $4.61 billion, a PE ratio of 37.97, a P/E/G ratio of 1.88 and a beta of 1.28. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The company has a 50-day simple moving average of $53.87 and a 200 day simple moving average of $57.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.39.

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

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.19%. 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 several recent analyst reports. Truist Financial reduced their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Barclays reduced 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 downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. Morgan Stanley reduced their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, Royal Bank Of Canada reduced their price target on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Hexcel presently has a consensus rating of "Hold" and a consensus target price 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.