Weybosset Research & Management LLC Sells 87,420 Shares of Hexcel Co. (NYSE:HXL)

Weybosset Research & Management LLC cut its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 49.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,256 shares of the aerospace company's stock after selling 87,420 shares during the quarter. Hexcel comprises 1.7% of Weybosset Research & Management LLC's investment portfolio, making the stock its 22nd biggest holding. Weybosset Research & Management LLC owned approximately 0.11% of Hexcel worth $4,833,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Huntington National Bank grew its position in Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after purchasing an additional 204 shares during the last quarter. Insigneo Advisory Services LLC increased its position in shares of Hexcel by 4.5% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after acquiring an additional 218 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after acquiring an additional 220 shares during the last quarter. ProShare Advisors LLC lifted its position in Hexcel by 5.0% in the 4th quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock valued at $310,000 after acquiring an additional 236 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Hexcel by 5.8% during the 4th quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company's stock valued at $325,000 after purchasing an additional 283 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Price Performance

NYSE:HXL traded up $2.38 on Tuesday, reaching $55.66. 2,503,241 shares of the company's stock traded hands, compared to its average volume of 983,253. The stock has a 50-day simple moving average of $51.86 and a 200-day simple moving average of $58.99. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $71.05. The firm has a market cap of $4.48 billion, a PE ratio of 35.00, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. During the same period in the prior year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is 45.03%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HXL. Morgan Stanley dropped their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. BMO Capital Markets cut their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group cut their price objective on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.