Graham Capital Management L.P. Sells 16,064 Shares of Hexcel Co. (NYSE:HXL)

Graham Capital Management L.P. lessened its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,652 shares of the aerospace company's stock after selling 16,064 shares during the quarter. Graham Capital Management L.P.'s holdings in Hexcel were worth $981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel during the 4th quarter valued at about $49,000. Manchester Capital Management LLC lifted its holdings in shares of Hexcel by 100.0% during 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 last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hexcel during the 4th quarter valued at about $57,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Hexcel during the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. Truist Financial reduced their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Stock Performance

NYSE HXL traded up $0.60 during trading on Friday, hitting $54.65. The company's stock had a trading volume of 857,300 shares, compared to its average volume of 961,782. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $52.85 and a 200 day moving average price of $59.60. The firm has a market cap of $4.39 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $72.78.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter 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 fiscal year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is presently 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.