Hexcel Co. (NYSE:HXL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in Hexcel Co. (NYSE:HXL - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,739 shares of the aerospace company's stock after selling 95,409 shares during the period. Stifel Financial Corp owned about 0.23% of Hexcel worth $11,583,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its position 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 worth $42,000 after purchasing an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel during the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC lifted its position in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hexcel in the fourth quarter worth approximately $57,000. Finally, Huntington National Bank boosted its stake in shares of Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after acquiring an additional 204 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Up 0.2 %

Shares of Hexcel stock traded up $0.09 during trading hours on Friday, hitting $50.26. The company's stock had a trading volume of 493,823 shares, compared to its average volume of 963,077. The firm has a fifty day moving average of $56.03 and a 200-day moving average of $60.75. 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 stock has a market cap of $4.04 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 1.72 and a beta of 1.08. Hexcel Co. has a twelve month low of $45.28 and a twelve month high of $73.58.

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

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is 45.03%.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of research reports. Barclays decreased their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. BMO Capital Markets decreased their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday. TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada decreased their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $61.20.

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.