3,862 Shares in Hexcel Co. (NYSE:HXL) Purchased by Merit Financial Group LLC

Merit Financial Group LLC purchased a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,862 shares of the aerospace company's stock, valued at approximately $242,000.

A number of other large investors have also recently modified their holdings of the business. True Wealth Design LLC bought a new stake in Hexcel during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Hexcel during the 3rd quarter worth $56,000. First Horizon Advisors Inc. lifted its holdings in shares of Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after acquiring an additional 326 shares during the last quarter. Huntington National Bank grew its position in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock worth $59,000 after acquiring an additional 225 shares in the last quarter. Finally, Eastern Bank bought a new position in Hexcel in the third quarter valued at $62,000. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Down 4.5 %

NYSE:HXL traded down $3.21 during mid-day trading on Friday, reaching $67.48. 2,810,813 shares of the company's stock traded hands, compared to its average volume of 933,294. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The company has a 50 day moving average price of $63.73 and a 200-day moving average price of $62.70. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 1.94 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. On average, sell-side analysts predict that Hexcel Co. will post 2.34 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.17 dividend. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, February 7th. Hexcel's dividend payout ratio is presently 42.77%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HXL. Truist Financial upped their price objective on Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Friday. UBS Group increased their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Thursday. BMO Capital Markets reduced their target price on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, October 28th. Finally, Royal Bank of Canada boosted their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Hexcel has a consensus rating of "Hold" and a consensus target price of $73.25.

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.