Yousif Capital Management LLC Trims Stock Position in Hexcel Co. (NYSE:HXL)

Yousif Capital Management LLC decreased its stake in shares of Hexcel Co. (NYSE:HXL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,257 shares of the aerospace company’s stock after selling 227 shares during the period. Yousif Capital Management LLC’s holdings in Hexcel were worth $2,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Xponance Inc. grew its position in Hexcel by 1.8% during the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock valued at $756,000 after purchasing an additional 178 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of Hexcel by 68.1% during 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. Treasurer of the State of North Carolina increased its position in shares of Hexcel by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock valued at $2,411,000 after acquiring an additional 180 shares in the last quarter. New York State Teachers Retirement System raised 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 acquiring an additional 200 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Hexcel by 2.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,989 shares of the aerospace company’s stock valued at $663,000 after acquiring an additional 215 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hexcel

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 sale, 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 can be accessed through the SEC website. In other news, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total transaction of $62,294.40. Following the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $322,335.00. Following the transaction, the insider now owns 50,371 shares of the company’s stock, 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 a number of research analyst reports. Morgan Stanley lowered Hexcel from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $70.00 to $66.00 in a report on Thursday, February 22nd. Bank of America reaffirmed an “underperform” rating and set a $65.00 price target (down previously from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Hexcel in a report on Wednesday, February 21st. UBS Group dropped their target price on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Truist Financial decreased their target price on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Two 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $76.57.

Hexcel Trading Down 0.0 %

Hexcel stock opened at $64.16 on Monday. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $79.08. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 54.84, a P/E/G ratio of 1.33 and a beta of 1.23. The firm has a 50 day moving average of $70.41 and a 200 day moving average of $69.43. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The firm had revenue of $472.30 million during the quarter, compared to analysts’ expectations of $468.93 million. During the same period in the prior year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, research analysts predict that Hexcel Co. will post 2.22 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Hexcel’s payout ratio is 51.28%.

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.