Walleye Capital LLC Sells 17,781 Shares of Hexcel Co. (NYSE:HXL)

Walleye Capital LLC cut its position in Hexcel Co. (NYSE:HXL - Free Report) by 77.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,119 shares of the aerospace company's stock after selling 17,781 shares during the period. Walleye Capital LLC's holdings in Hexcel were worth $321,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Hexcel during the fourth quarter worth approximately $49,000. Manchester Capital Management LLC raised its stake in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after buying an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel during the fourth quarter worth approximately $57,000. Finally, Huntington National Bank raised its stake in shares of Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after buying an additional 204 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Down 2.8 %

HXL traded down $1.38 on Wednesday, hitting $48.42. 1,574,201 shares of the company were exchanged, compared to its average volume of 961,291. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58. The company has a market cap of $3.89 billion, a PE ratio of 30.45, a PEG ratio of 1.72 and a beta of 1.08. 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's fifty day moving average is $54.82 and its 200-day moving average is $60.48.

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 the consensus estimate of $0.43 by ($0.06). The business had revenue of $456.50 million during 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 company earned $0.44 EPS. Equities research analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a $0.17 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.40%. Hexcel's dividend payout ratio is 45.03%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HXL. Morgan Stanley lowered their target price on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. BMO Capital Markets lowered their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada lowered their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, StockNews.com cut shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $61.20.

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.