Avantax Advisory Services Inc. Has $1.87 Million Stock Position in Hexcel Co. (NYSE:HXL)

Avantax Advisory Services Inc. lessened its position in shares of Hexcel Co. (NYSE:HXL) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,855 shares of the aerospace company’s stock after selling 1,636 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Hexcel were worth $1,872,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HXL. Insigneo Advisory Services LLC increased its position in Hexcel by 3.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after buying an additional 172 shares in the last quarter. UMB Bank n.a. grew its stake in Hexcel by 1.4% in 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 increased its holdings in shares of Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. Huntington National Bank raised its position in shares of Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Hexcel by 0.5% in 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 in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Truist Financial upped their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Wells Fargo & Company increased their price objective on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus target price of $73.09.

Hexcel Stock Up 1.3 %

Shares of NYSE:HXL opened at $57.19 on Tuesday. Hexcel Co. has a 1 year low of $55.25 and a 1 year high of $73.58. The company has a market capitalization of $4.64 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The business has a fifty day moving average price of $63.71 and a two-hundred day moving average price of $62.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

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

Hexcel Increases Dividend

The business 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is 42.77%.

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.