Schroder Investment Management Group Reduces Stake in Hexcel Co. (NYSE:HXL)

Schroder Investment Management Group lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,532,703 shares of the aerospace company’s stock after selling 168,984 shares during the period. Schroder Investment Management Group owned 1.89% of Hexcel worth $95,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HXL. True Wealth Design LLC purchased a new position in Hexcel during the third quarter worth about $30,000. Allworth Financial LP increased its holdings in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel during the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC lifted its holdings in Hexcel by 100.0% in 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 purchased a new position in Hexcel in the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

HXL has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada upped their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Finally, Wells Fargo & Company increased their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two investment 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. Based on data from MarketBeat.com, Hexcel has a consensus rating of “Hold” and a consensus price target of $72.64.

Hexcel Stock Down 3.1 %

Hexcel stock opened at $56.28 on Monday. The firm has a market capitalization of $4.52 billion, a P/E ratio of 35.40, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a twelve month low of $55.25 and a twelve month high of $73.58. The stock’s fifty day simple moving average is $62.23 and its 200-day simple moving average is $62.18.

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, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, equities analysts expect 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. Shareholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date 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 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.