Hexcel Co. (NYSE:HXL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,242 shares of the aerospace company's stock after selling 56,795 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of Hexcel worth $9,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its stake in Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company's stock valued at $29,000 after buying an additional 179 shares during the last quarter. Creative Planning purchased a new stake in Hexcel in the third quarter valued at about $30,000. Farther Finance Advisors LLC raised its stake in shares of Hexcel by 100.0% in the second quarter. Farther Finance Advisors LLC now owns 412 shares of the aerospace company's stock worth $31,000 after purchasing an additional 206 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Hexcel in the second quarter worth about $31,000. Finally, RiverPark Advisors LLC purchased a new position in shares of Hexcel in the third quarter worth about $41,000. Institutional investors own 95.47% of the company's stock.

Insider Transactions at Hexcel

In other news, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now directly 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. In related news, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the transaction, the insider now owns 3,375 shares in the company, valued at $243,337.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thierry Merlot sold 4,500 shares of Hexcel stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $71.63, for a total value of $322,335.00. Following the transaction, the insider now 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.

Wall Street Analyst Weigh In

HXL has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Hexcel from $90.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com cut Hexcel from a "buy" rating to a "hold" rating in a research note on Saturday, February 3rd. Barclays reduced their price objective on Hexcel from $80.00 to $75.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 30th. Northcoast Research cut Hexcel from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 10th. Finally, Truist Financial upgraded Hexcel from a "hold" rating to a "buy" rating and raised their price objective for the stock from $62.00 to $96.00 in a research note on Wednesday, January 10th. Two 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $76.93.

Hexcel Price Performance

HXL traded up $0.09 during trading on Wednesday, hitting $61.89. The company's stock had a trading volume of 1,182,703 shares, compared to its average volume of 864,901. 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 business's fifty day simple moving average is $71.80 and its 200 day simple moving average is $69.60. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 1.27 and a beta of 1.23. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $0.43 earnings per share (EPS) 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 analyst estimates of $474.01 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Hexcel Co. will post 2.23 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from Hexcel's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. Hexcel's payout ratio is currently 48.39%.

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.