Cerity Partners LLC Cuts Position in Hexcel Co. (NYSE:HXL)

Cerity Partners LLC lowered its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 14.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,829 shares of the aerospace company's stock after selling 7,639 shares during the quarter. Cerity Partners LLC owned about 0.06% of Hexcel worth $2,916,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP bought a new stake in Hexcel in the 3rd quarter valued at about $299,000. MML Investors Services LLC raised its holdings in Hexcel by 4.1% in the 3rd quarter. MML Investors Services LLC now owns 37,673 shares of the aerospace company's stock valued at $2,329,000 after acquiring an additional 1,497 shares in the last quarter. Barclays PLC lifted its position in shares of Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after acquiring an additional 17,011 shares during the period. Sanctuary Advisors LLC increased its position in shares of Hexcel by 59.4% in the third quarter. Sanctuary Advisors LLC now owns 33,076 shares of the aerospace company's stock worth $2,024,000 after purchasing an additional 12,329 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in Hexcel by 8.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 65,095 shares of the aerospace company's stock valued at $4,025,000 after purchasing an additional 5,173 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays dropped their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley cut their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. TD Cowen raised Hexcel to a "hold" rating in a report on Monday, February 24th. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Wells Fargo & Company lowered shares of Hexcel from an "overweight" rating to a "reduce" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hexcel presently has an average rating of "Hold" and an average target price of $67.40.

Hexcel Stock Performance

Shares of NYSE HXL traded down $0.08 during mid-day trading on Friday, hitting $52.03. The company had a trading volume of 1,663,069 shares, compared to its average volume of 949,813. The stock's 50-day moving average price is $57.26 and its 200-day moving average price is $61.05. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 32.73, a P/E/G 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. Hexcel Co. has a 1 year low of $45.28 and a 1 year high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (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%. On average, sell-side analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, February 7th. 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.