Hexcel Co. (NYSE:HXL) is Sea Cliff Partners Management LP's 4th Largest Position

Sea Cliff Partners Management LP lifted its position in Hexcel Co. (NYSE:HXL - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,000 shares of the aerospace company's stock after buying an additional 22,408 shares during the period. Hexcel makes up about 8.0% of Sea Cliff Partners Management LP's investment portfolio, making the stock its 4th biggest position. Sea Cliff Partners Management LP owned approximately 0.45% of Hexcel worth $23,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its position in Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the fourth quarter valued at $49,000. Manchester Capital Management LLC lifted its position in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Hexcel during the fourth quarter valued at $57,000. Finally, Parvin Asset Management LLC purchased a new position in Hexcel during the fourth quarter valued at $66,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Trading Down 1.2%

Shares of HXL traded down $0.63 during mid-day trading on Tuesday, reaching $53.69. 1,018,328 shares of the company's stock traded hands, compared to its average volume of 964,781. The stock has a market cap of $4.32 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.72 and a beta of 1.28. The stock's 50-day moving average is $52.80 and its two-hundred day moving average is $59.57. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $71.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly 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). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. During the same period in the previous year, the company posted $0.44 EPS. Research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Truist Financial lowered their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. UBS Group lowered their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. One equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.20.

Hexcel Company 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.