Ingalls & Snyder LLC Reduces Holdings in Hexcel Co. (NYSE:HXL)

Ingalls & Snyder LLC decreased its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,046 shares of the aerospace company's stock after selling 8,924 shares during the quarter. Hexcel comprises approximately 1.0% of Ingalls & Snyder LLC's investment portfolio, making the stock its 24th biggest holding. Ingalls & Snyder LLC owned about 0.48% of Hexcel worth $24,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HXL. Speece Thorson Capital Group Inc. lifted its position in Hexcel by 15.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock worth $15,140,000 after purchasing an additional 32,960 shares during the period. Barclays PLC lifted its stake in 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock worth $35,957,000 after acquiring an additional 63,730 shares during the last quarter. FMR LLC grew its holdings in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock valued at $4,791,000 after buying an additional 8,135 shares in the last quarter. Finally, Kopion Asset Management LLC boosted its position in shares of Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock valued at $6,142,000 after acquiring an additional 9,861 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. TD Cowen raised Hexcel to a "hold" rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. Truist Financial raised their price target on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $73.09.

Hexcel Stock Up 2.1 %

Shares of NYSE:HXL traded up $1.37 during trading on Friday, reaching $65.56. 979,404 shares of the company traded hands, compared to its average volume of 1,387,299. 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 Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The firm has a fifty day simple moving average of $64.75 and a 200 day simple moving average of $62.74. The firm has a market cap of $5.32 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Analysts anticipate that Hexcel Co. will post 2.16 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently disclosed 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is presently 42.77%.

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.