Whittier Trust Co. Has $67,000 Stock Position in Hexcel Co. (NYSE:HXL)

Whittier Trust Co. cut its holdings in shares of Hexcel Co. (NYSE:HXL) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,073 shares of the aerospace company’s stock after selling 417 shares during the quarter. Whittier Trust Co.’s holdings in Hexcel were worth $67,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in Hexcel during the third quarter worth about $30,000. Allworth Financial LP increased its position in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel in the fourth quarter valued at $49,000. Manchester Capital Management LLC lifted its position in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel during the fourth quarter worth $57,000. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HXL. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial upped their price objective on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.09.

Hexcel Stock Up 3.4 %

Shares of NYSE:HXL opened at $57.64 on Tuesday. Hexcel Co. has a 12 month low of $55.25 and a 12 month high of $73.58. The firm has a market cap of $4.68 billion, a P/E ratio of 36.25, a P/E/G ratio of 1.72 and a beta of 1.30. 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’s 50-day moving average price is $62.93 and its two-hundred day moving average price is $62.25.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, research analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.18%. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

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.