Hexcel Co. (NYSE:HXL) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its position in shares of Hexcel Co. (NYSE:HXL) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,426 shares of the aerospace company’s stock after selling 685 shares during the quarter. UMB Bank n.a.’s holdings in Hexcel were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new position in shares of Hexcel during the 1st quarter valued at approximately $36,000. Principal Securities Inc. purchased a new position in shares of Hexcel during the 4th quarter valued at approximately $51,000. GAMMA Investing LLC purchased a new position in shares of Hexcel during the 4th quarter valued at approximately $53,000. Centerpoint Advisors LLC lifted its holdings in Hexcel by 44.6% in the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 223 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Hexcel during the first quarter worth $54,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Down 0.6 %

NYSE HXL opened at $63.32 on Friday. The firm’s 50-day moving average is $63.66 and its two-hundred day moving average is $67.54. Hexcel Co. has a 12 month low of $58.81 and a 12 month high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The stock has a market capitalization of $5.26 billion, a P/E ratio of 54.12, a PEG ratio of 1.40 and a beta of 1.28.

Hexcel (NYSE:HXL) last posted its earnings results on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The company had revenue of $500.40 million for the quarter, compared to analysts’ expectations of $484.26 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. Hexcel’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Hexcel Co. will post 2.09 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Analyst Ratings Changes

Several brokerages recently issued reports on HXL. UBS Group dropped their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. Truist Financial dropped their price target on Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Wells Fargo & Company raised Hexcel from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $81.00 to $95.00 in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Finally, BMO Capital Markets lowered their price target on shares of Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Hexcel currently has an average rating of “Hold” and an average target price of $74.54.

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.