Trexquant Investment LP Cuts Stock Holdings in Hexcel Co. (NYSE:HXL)

Trexquant Investment LP cut its stake in shares of Hexcel Co. (NYSE:HXL) by 83.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,691 shares of the aerospace company’s stock after selling 63,358 shares during the period. Trexquant Investment LP’s holdings in Hexcel were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its position in Hexcel by 1.4% during the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after acquiring an additional 202 shares during the period. GAMMA Investing LLC lifted its stake in shares of Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock valued at $74,000 after purchasing an additional 206 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Hexcel by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock worth $2,728,000 after purchasing an additional 232 shares during the period. M&T Bank Corp grew its holdings in shares of Hexcel by 5.8% during the 4th quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company’s stock worth $325,000 after purchasing an additional 283 shares during the period. Finally, HighTower Advisors LLC increased its position in Hexcel by 1.8% during the 4th quarter. HighTower Advisors LLC now owns 19,069 shares of the aerospace company’s stock worth $1,196,000 after purchasing an additional 339 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of NYSE HXL opened at $51.91 on Friday. The business has a 50 day moving average price of $58.55 and a two-hundred day moving average price of $61.36. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $73.58. The firm has a market cap of $4.17 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

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

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 42.77%.

Analyst Ratings Changes

A number of research analysts have weighed in on HXL shares. Wells Fargo & Company reduced their price target on shares of Hexcel from $87.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial reduced their target price on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Barclays lowered their price target on Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. Finally, Royal Bank of Canada upped their target price on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.73.

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.