Hexcel Co. (NYSE:HXL) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC reduced its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 49.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 88,256 shares of the aerospace company's stock after selling 87,420 shares during the quarter. Hexcel comprises approximately 1.7% of Weybosset Research & Management LLC's holdings, making the stock its 22nd largest holding. Weybosset Research & Management LLC owned 0.11% of Hexcel worth $4,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Hexcel in the fourth quarter worth $49,000. Manchester Capital Management LLC increased its stake in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Hexcel in the fourth quarter worth $57,000. Finally, NBC Securities Inc. purchased a new stake in Hexcel in the first quarter worth $61,000. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Up 0.8%

HXL traded up $0.43 on Thursday, hitting $56.23. The company had a trading volume of 354,129 shares, compared to its average volume of 984,043. The stock has a fifty day moving average price of $51.80 and a 200-day moving average price of $58.94. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $71.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 1.72 and a beta of 1.29.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (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 analysts' expectations of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter last year, the firm earned $0.44 EPS. Analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio is presently 45.03%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HXL. Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Truist Financial reduced their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada reduced their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets cut their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $61.20.

Hexcel Company 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.