MainStreet Investment Advisors LLC Acquires Shares of 4,403 Hexcel Corporation (NYSE:HXL)

MainStreet Investment Advisors LLC purchased a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,403 shares of the aerospace company's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HXL. Assetmark Inc. increased its position in shares of Hexcel by 16.2% in the 4th quarter. Assetmark Inc. now owns 2,861 shares of the aerospace company's stock worth $179,000 after purchasing an additional 399 shares during the last quarter. M&T Bank Corp increased its position in shares of Hexcel by 5.8% in the 4th quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company's stock worth $325,000 after purchasing an additional 283 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Hexcel in the 4th quarter worth about $633,000. Raymond James Financial Inc. bought a new stake in shares of Hexcel in the 4th quarter worth about $7,092,000. Finally, Amundi increased its position in shares of Hexcel by 24.9% in the 4th quarter. Amundi now owns 140,060 shares of the aerospace company's stock worth $9,080,000 after purchasing an additional 27,943 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HXL. Morgan Stanley decreased their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Barclays decreased their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Royal Bank Of Canada decreased their price target on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial decreased their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.67.

Hexcel Price Performance

Shares of NYSE:HXL traded down $0.68 during trading on Friday, reaching $58.89. The company had a trading volume of 652,316 shares, compared to its average volume of 1,003,657. The firm's fifty day moving average is $54.60 and its 200 day moving average is $57.83. The firm has a market capitalization of $4.74 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 2.00 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 debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 2.59.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly 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 company 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 prior year, the company posted $0.44 earnings per share. On average, equities analysts forecast that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

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.