Hexcel Co. (NYSE:HXL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 92.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,198 shares of the aerospace company's stock after selling 74,584 shares during the quarter. Prudential Financial Inc.'s holdings in Hexcel were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Hexcel during the fourth quarter worth about $49,000. Manchester Capital Management LLC raised its stake in Hexcel by 100.0% during 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. Kohmann Bosshard Financial Services LLC acquired a new position in Hexcel in the 4th quarter valued at about $57,000. Finally, GAMMA Investing LLC grew its stake in shares of 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 buying an additional 206 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Down 0.4 %

Hexcel stock traded down $0.23 during midday trading on Tuesday, reaching $52.53. The company's stock had a trading volume of 140,810 shares, compared to its average volume of 1,152,580. The company has a market cap of $4.22 billion, a P/E ratio of 32.95, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $58.32 and a 200-day simple moving average of $61.30. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is 42.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HXL. Royal Bank of Canada upped their price objective on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research note on Friday. TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $55.00 target price (down previously from $63.00) on shares of Hexcel in a research note on Tuesday. Finally, Truist Financial decreased their price objective on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $69.00.

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.