Hexcel Co. (NYSE:HXL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 766,207 shares of the aerospace company's stock after selling 22,945 shares during the period. Envestnet Asset Management Inc. owned about 0.94% of Hexcel worth $48,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC grew its position in shares of Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after buying an additional 8,135 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Hexcel during the 3rd quarter worth $299,000. MML Investors Services LLC increased its position in shares of Hexcel by 4.1% in the 3rd quarter. MML Investors Services LLC now owns 37,673 shares of the aerospace company's stock worth $2,329,000 after purchasing an additional 1,497 shares during the last quarter. Barclays PLC lifted its position in shares of Hexcel by 32.1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock worth $4,330,000 after purchasing an additional 17,011 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Hexcel in the third quarter worth about $1,154,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Price Performance

HXL traded up $0.04 on Wednesday, reaching $52.24. The company had a trading volume of 153,581 shares, compared to its average volume of 1,149,035. The company has a market capitalization of $4.20 billion, a P/E ratio of 32.85, a PEG ratio of 1.72 and a beta of 1.08. 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 company has a fifty day moving average of $58.08 and a 200-day moving average of $61.24. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, equities research analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, February 7th. Hexcel's payout ratio is presently 42.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HXL shares. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Royal Bank of Canada raised their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Truist Financial decreased their price target on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. Morgan Stanley dropped their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $55.00 target price (down from $63.00) on shares of Hexcel in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $69.00.

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.