Wealth Enhancement Advisory Services LLC Decreases Stock Position in Hexcel Corporation (NYSE:HXL)

Wealth Enhancement Advisory Services LLC lessened its position in Hexcel Corporation (NYSE:HXL - Free Report) by 35.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,782 shares of the aerospace company's stock after selling 8,851 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hexcel were worth $864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new position in Hexcel during the 1st quarter valued at approximately $61,000. Parvin Asset Management LLC purchased a new stake in shares of Hexcel in the 4th quarter worth $66,000. Farther Finance Advisors LLC lifted its position in shares of Hexcel by 71.2% during 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 in the last quarter. Huntington National Bank increased its stake in shares of Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Hexcel by 61.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,272 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 486 shares during the period. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HXL. UBS Group cut their price objective on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Morgan Stanley cut their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Royal Bank Of Canada reduced their target price 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. Finally, Wells Fargo & Company lowered their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.67.

Hexcel Price Performance

HXL stock opened at $57.52 on Thursday. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. The firm has a market capitalization of $4.63 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.39. The business has a 50 day simple moving average of $53.59 and a 200-day simple moving average of $58.04.

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

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is 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.

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