Trillium Asset Management LLC Sells 105,086 Shares of Hexcel Co. (NYSE:HXL)

Trillium Asset Management LLC cut its holdings in Hexcel Co. (NYSE:HXL) by 36.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,778 shares of the aerospace company’s stock after selling 105,086 shares during the period. Trillium Asset Management LLC owned approximately 0.22% of Hexcel worth $11,398,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Hexcel in the third quarter worth $30,000. Allworth Financial LP raised its stake 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 acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel during the fourth quarter valued at about $49,000. Manchester Capital Management LLC raised its stake in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 420 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Hexcel during the fourth quarter valued at about $57,000. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of HXL opened at $56.95 on Wednesday. The stock has a market cap of $4.62 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a fifty-two week low of $55.25 and a fifty-two week high of $73.58. The firm’s 50-day simple moving average is $63.56 and its two-hundred day simple moving average is $62.37.

Hexcel (NYSE:HXL) last announced its quarterly earnings data 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%. Analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. 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 dividend on an annualized basis and a dividend yield of 1.19%. Hexcel’s dividend payout ratio is presently 42.77%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HXL. Royal Bank of Canada upped their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Wells Fargo & Company increased 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. Finally, StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday. Two research 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, the stock has a consensus rating of “Hold” and a consensus price target of $73.09.

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.