AlphaQuest LLC Has $184,000 Stock Holdings in Hexcel Co. (NYSE:HXL)

AlphaQuest LLC cut its holdings in Hexcel Co. (NYSE:HXL) by 75.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,928 shares of the aerospace company’s stock after selling 8,960 shares during the quarter. AlphaQuest LLC’s holdings in Hexcel were worth $184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Hexcel in the third quarter valued at $30,000. Allworth Financial LP increased its stake in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Hexcel in the fourth quarter worth about $49,000. Manchester Capital Management LLC increased its position in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel in the fourth quarter worth about $57,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HXL has been the subject of a number of research reports. Truist Financial lifted their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. Wells Fargo & Company increased their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.09.

Hexcel Stock Up 1.8 %

Shares of HXL stock opened at $56.47 on Monday. The firm has a fifty day moving average of $63.84 and a 200-day moving average of $62.47. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12-month low of $55.24 and a 12-month high of $73.58. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, equities research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio (DPR) 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.