Hexcel Co. (NYSE:HXL) Stake Cut by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in shares of Hexcel Co. (NYSE:HXL) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,975 shares of the aerospace company’s stock after selling 10,467 shares during the quarter. Fifth Third Bancorp owned approximately 0.05% of Hexcel worth $2,569,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC grew its position in Hexcel by 3.7% during the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hexcel by 1.4% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Huntington National Bank increased its stake in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 225 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Hexcel by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock worth $2,728,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HXL. TD Cowen raised Hexcel to a “hold” rating in a research report on Thursday, December 19th. Truist Financial increased their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced 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. Finally, BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.25.

Hexcel Stock Performance

Shares of NYSE HXL opened at $67.18 on Tuesday. The business’s 50 day moving average is $63.89 and its two-hundred day moving average is $62.70. The company has a market cap of $5.44 billion, a P/E ratio of 42.25, a P/E/G ratio of 1.94 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09.

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, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.55%. On average, equities analysts expect that Hexcel Co. will post 2.34 EPS for the current year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.01%. Hexcel’s dividend payout ratio is 37.74%.

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.