Kestra Investment Management LLC Has $159,000 Stock Holdings in Hexcel Co. (NYSE:HXL)

Kestra Investment Management LLC cut its position in Hexcel Co. (NYSE:HXL) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,533 shares of the aerospace company’s stock after selling 1,829 shares during the period. Kestra Investment Management LLC’s holdings in Hexcel were worth $159,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Hexcel during the 3rd quarter valued at about $30,000. Allworth Financial LP boosted its stake in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 420 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Hexcel during the 3rd quarter valued at about $56,000. Finally, First Horizon Advisors Inc. boosted its stake in Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Trading Down 1.3 %

NYSE:HXL opened at $64.09 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $5.20 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The firm’s 50 day moving average is $64.91 and its 200 day moving average is $62.79. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS 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 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced 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 is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%. Hexcel’s payout ratio is presently 42.77%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HXL. Royal Bank of Canada lifted their price target on 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 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 boosted their target price on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial boosted their target price on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus target price of $73.09.

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.