Amalgamated Bank Sells 1,384 Shares of Hexcel Corporation (NYSE:HXL)

Amalgamated Bank lessened its holdings in Hexcel Corporation (NYSE:HXL) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,561 shares of the aerospace company’s stock after selling 1,384 shares during the quarter. Amalgamated Bank’s holdings in Hexcel were worth $2,057,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HXL. Parvin Asset Management LLC acquired a new position in Hexcel during the fourth quarter worth $66,000. NBC Securities Inc. bought a new stake in shares of Hexcel in the first quarter valued at about $61,000. Huntington National Bank boosted its position in shares of Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 204 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Hexcel by 71.2% in the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 499 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in Hexcel by 61.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,272 shares of the aerospace company’s stock valued at $80,000 after buying an additional 486 shares during the period. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

HXL has been the subject of a number of research reports. BMO Capital Markets dropped their target price on shares of Hexcel from $72.00 to $52.00 and set a “market perform” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada reduced their price objective on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Barclays reduced 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. Finally, 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 research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.67.

Hexcel Price Performance

HXL opened at $57.30 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.39. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 1.88 and a beta of 1.28. The firm’s fifty day moving average price is $53.87 and its two-hundred day moving average price is $57.88. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05.

Hexcel (NYSE:HXL) last released 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 for the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.36% and a net margin of 6.60%. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, May 2nd. Hexcel’s dividend payout ratio is currently 45.03%.

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.