Yousif Capital Management LLC Sells 720 Shares of Hexcel Co. (NYSE:HXL)

Yousif Capital Management LLC lessened its holdings in Hexcel Co. (NYSE:HXL) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,022 shares of the aerospace company’s stock after selling 720 shares during the quarter. Yousif Capital Management LLC’s holdings in Hexcel were worth $1,534,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Earnest Partners LLC boosted its position in shares of Hexcel by 0.8% in the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after acquiring an additional 37,442 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Hexcel by 4,372.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock valued at $156,919,000 after acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Hexcel by 24.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after acquiring an additional 395,744 shares during the period. Sei Investments Co. boosted its position in shares of Hexcel by 9.0% in the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock valued at $92,938,000 after acquiring an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Hexcel by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock worth $90,104,000 after purchasing an additional 24,393 shares during the period. Institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.6%

Shares of NYSE HXL opened at $54.44 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $71.05. The firm has a 50 day moving average price of $52.60 and a two-hundred day moving average price of $58.62. The stock has a market cap of $4.38 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

Hexcel (NYSE:HXL) last announced its quarterly earnings results 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). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same quarter last year, the company posted $0.44 earnings per share. As a group, equities analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, May 2nd. Hexcel’s dividend payout ratio (DPR) is currently 45.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HXL shares. Truist Financial cut their price objective on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Barclays cut their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company lowered their target price on Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Morgan Stanley lowered their target price on Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada lowered their target price on Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hexcel has a consensus rating of “Hold” and an average price target of $61.20.

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.