Cetera Investment Advisers Raises Position in Hexcel Co. (NYSE:HXL)

Cetera Investment Advisers boosted its position in shares of Hexcel Co. (NYSE:HXL) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,961 shares of the aerospace company’s stock after purchasing an additional 1,426 shares during the quarter. Cetera Investment Advisers’ holdings in Hexcel were worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HXL. Allworth Financial LP lifted its stake in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Hexcel during the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC grew its holdings in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel in the fourth quarter valued at $57,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Hexcel in the fourth quarter valued at $66,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on HXL. Wells Fargo & Company dropped their price objective 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. Truist Financial reduced their price target on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Wall Street Zen lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Sunday, April 27th. Finally, Royal Bank of Canada cut their price objective on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.20.

Hexcel Stock Performance

HXL opened at $52.06 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.72 and a beta of 1.28. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $71.72. The firm’s fifty day simple moving average is $52.58 and its two-hundred day simple moving average is $59.43.

Hexcel (NYSE:HXL) last issued 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 business 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 quarter last year, the company earned $0.44 earnings per share. Equities analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.17 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Hexcel’s dividend payout ratio (DPR) is 45.03%.

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.