Transatlantique Private Wealth LLC Cuts Stock Position in Hexcel Co. (NYSE:HXL)

Transatlantique Private Wealth LLC decreased its position in shares of Hexcel Co. (NYSE:HXL) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,646 shares of the aerospace company’s stock after selling 1,314 shares during the period. Transatlantique Private Wealth LLC’s holdings in Hexcel were worth $605,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HXL. Norges Bank purchased a new position in shares of Hexcel in the fourth quarter valued at approximately $60,241,000. Brandes Investment Partners LP lifted its holdings in Hexcel by 99.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock worth $81,803,000 after buying an additional 651,062 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Hexcel by 249.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock valued at $51,142,000 after buying an additional 582,353 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Hexcel by 1,153.9% in the fourth quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after acquiring an additional 493,218 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Hexcel by 66.9% during the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock worth $75,123,000 after acquiring an additional 480,207 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Down 0.1 %

NYSE HXL opened at $52.03 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $57.26 and its 200 day simple moving average is $61.04. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58. The firm has a market cap of $4.18 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Hexcel (NYSE:HXL) last announced 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, sell-side analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company cut Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada raised their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Truist Financial lowered their price target on shares of Hexcel from $80.00 to $73.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays decreased 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus target price of $67.40.

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.