First Trust Advisors LP Has $7.83 Million Position in Hexcel Co. (NYSE:HXL)

First Trust Advisors LP reduced its position in Hexcel Co. (NYSE:HXL - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,880 shares of the aerospace company's stock after selling 8,435 shares during the period. First Trust Advisors LP owned about 0.15% of Hexcel worth $7,830,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC increased its stake in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Hexcel in the 4th quarter worth approximately $57,000. Finally, Huntington National Bank lifted its position in Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of Hexcel stock traded up $0.51 during trading on Monday, reaching $50.16. The company's stock had a trading volume of 68,205 shares, compared to its average volume of 953,147. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58. 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 firm has a market cap of $4.03 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The business's fifty day moving average price is $54.29 and its 200-day moving average price is $60.29.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The company had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period last year, the firm posted $0.44 EPS. As a group, equities research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HXL. Royal Bank of Canada cut their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. 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. TD Cowen raised Hexcel to a "hold" rating in a research note on Monday, February 24th. Barclays cut their price objective 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. Finally, Truist Financial decreased their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.