SG Americas Securities LLC Sells 38,910 Shares of Hexcel Co. (NYSE:HXL)

SG Americas Securities LLC lessened its stake in Hexcel Co. (NYSE:HXL - Free Report) by 94.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,237 shares of the aerospace company's stock after selling 38,910 shares during the period. SG Americas Securities LLC's holdings in Hexcel were worth $165,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in Hexcel by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,268 shares of the aerospace company's stock valued at $492,000 after buying an additional 922 shares in the last quarter. US Bancorp DE raised its holdings in Hexcel by 17.0% in the 1st quarter. US Bancorp DE now owns 11,064 shares of the aerospace company's stock valued at $658,000 after acquiring an additional 1,609 shares during the last quarter. HighTower Advisors LLC raised its holdings in Hexcel by 10.6% in the 1st quarter. HighTower Advisors LLC now owns 17,097 shares of the aerospace company's stock valued at $1,017,000 after acquiring an additional 1,641 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Hexcel by 18.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,823 shares of the aerospace company's stock valued at $1,000,000 after acquiring an additional 2,567 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Hexcel by 22.7% in the 1st quarter. Bank of Montreal Can now owns 34,884 shares of the aerospace company's stock valued at $2,087,000 after acquiring an additional 6,443 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Up 0.4 %

NYSE:HXL traded up $0.26 on Tuesday, reaching $61.76. The stock had a trading volume of 1,560,529 shares, compared to its average volume of 860,046. The company has a current ratio of 2.74, a quick ratio of 1.68 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $71.97 and a 200 day moving average of $69.65. The stock has a market cap of $5.13 billion, a P/E ratio of 49.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.23. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $79.08.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The firm had revenue of $457.50 million during the quarter, compared to analysts' expectations of $474.01 million. Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, research analysts predict that Hexcel Co. will post 2.23 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were given a dividend of $0.15 per share. This is a boost from Hexcel's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. Hexcel's dividend payout ratio (DPR) is presently 48.39%.

Insider Transactions at Hexcel

In other news, insider Thierry Merlot sold 4,500 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total transaction of $322,335.00. Following the transaction, the insider now owns 50,371 shares of the company's stock, valued at $3,608,074.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the firm's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the transaction, the insider now owns 3,375 shares of the company's stock, valued at $243,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares in the company, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. Corporate insiders own 1.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HXL shares. UBS Group downgraded Hexcel from a "buy" rating to a "neutral" rating and cut their price target for the company from $87.00 to $72.00 in a report on Tuesday, January 30th. Bank of America restated an "underperform" rating and set a $65.00 price objective (down from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. Truist Financial upgraded Hexcel from a "hold" rating to a "buy" rating and upped their price objective for the stock from $62.00 to $96.00 in a report on Wednesday, January 10th. Northcoast Research downgraded Hexcel from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. Finally, StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.14.

About Hexcel

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.