Hexcel Co. (NYSE:HXL) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in Hexcel Co. (NYSE:HXL - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,349,667 shares of the aerospace company's stock after selling 17,766 shares during the quarter. Geode Capital Management LLC owned approximately 1.66% of Hexcel worth $84,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allworth Financial LP increased its position in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel during the fourth quarter worth $49,000. Manchester Capital Management LLC raised its holdings in shares of Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Hexcel during the 4th quarter worth about $57,000. Finally, GAMMA Investing LLC grew its position in Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Performance

HXL traded down $0.11 during trading on Wednesday, hitting $52.09. 134,100 shares of the stock were exchanged, compared to its average volume of 947,288. The firm has a market capitalization of $4.19 billion, a P/E ratio of 32.76, a PEG ratio of 1.72 and a beta of 1.08. Hexcel Co. has a 1-year low of $45.28 and a 1-year high of $73.58. The stock has a fifty day moving average price of $58.08 and a two-hundred day moving average price of $61.24. 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 (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting 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, sell-side analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.31%. Hexcel's dividend payout ratio is currently 42.77%.

Analyst Ratings Changes

HXL has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Wells Fargo & Company restated an "equal weight" rating and set a $55.00 price target (down previously from $63.00) on shares of Hexcel in a report on Tuesday. TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Barclays dropped their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Finally, Truist Financial dropped their target price on Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock 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.