DekaBank Deutsche Girozentrale Lowers Holdings in Hexcel Co. (NYSE:HXL)

DekaBank Deutsche Girozentrale cut its holdings in Hexcel Co. (NYSE:HXL) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,609 shares of the aerospace company’s stock after selling 225 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Hexcel were worth $265,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its holdings in Hexcel by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock worth $4,576,000 after purchasing an additional 200 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Hexcel in the 4th quarter worth approximately $4,770,000. Fifth Third Bancorp increased its stake in Hexcel by 4.9% in the 4th quarter. Fifth Third Bancorp now owns 48,374 shares of the aerospace company’s stock worth $3,568,000 after acquiring an additional 2,274 shares during the last quarter. Blue Trust Inc. increased its stake in Hexcel by 18.4% in the 4th quarter. Blue Trust Inc. now owns 3,193 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 496 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Hexcel by 77.5% in the 4th quarter. Pacer Advisors Inc. now owns 12,634 shares of the aerospace company’s stock worth $932,000 after acquiring an additional 5,516 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the company’s stock in a transaction 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 transaction, the insider now owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 3,375 shares in the company, valued at approximately $243,337.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thierry Merlot sold 4,500 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 50,371 shares of the company’s stock, valued at $3,608,074.73. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HXL shares. BMO Capital Markets lifted their price objective on Hexcel from $69.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group lifted their price objective on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Barclays reduced their price objective on Hexcel from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Finally, Truist Financial raised Hexcel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $96.00 in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus price target of $77.14.

Hexcel Stock Performance

NYSE HXL opened at $61.76 on Wednesday. The business’s 50 day moving average price is $71.97 and its 200-day moving average price is $69.65. The company has a market cap of $5.13 billion, a P/E ratio of 49.81, a P/E/G ratio of 1.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.68 and a current ratio of 2.74. Hexcel Co. has a fifty-two week low of $58.81 and a fifty-two week high of $79.08.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $457.50 million during the quarter, compared to the consensus estimate of $474.01 million. Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. Sell-side analysts predict that Hexcel Co. will post 2.23 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, February 8th. This is an increase from Hexcel’s previous quarterly dividend of $0.13. Hexcel’s dividend payout ratio is 48.39%.

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.