Hexcel Co. (NYSE:HXL) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 15.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 98,796 shares of the aerospace company's stock after selling 18,470 shares during the quarter. National Bank of Canada FI owned about 0.12% of Hexcel worth $6,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in shares of Hexcel in the 1st quarter valued at approximately $394,000. SG Americas Securities LLC lifted its holdings in shares of Hexcel by 259.8% during the second quarter. SG Americas Securities LLC now owns 29,279 shares of the aerospace company's stock valued at $1,828,000 after acquiring an additional 21,141 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hexcel by 46.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,215 shares of the aerospace company's stock worth $1,075,000 after purchasing an additional 5,430 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Hexcel by 4.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,187 shares of the aerospace company's stock valued at $1,386,000 after purchasing an additional 895 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Hexcel by 32.2% during the second quarter. Blue Trust Inc. now owns 4,820 shares of the aerospace company's stock worth $301,000 after buying an additional 1,173 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Vertical Research downgraded Hexcel from a "buy" rating to a "hold" rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. UBS Group boosted their price objective on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $70.83.

Hexcel Stock Performance

HXL stock traded down $0.28 during trading on Friday, reaching $63.61. The stock had a trading volume of 320,510 shares, compared to its average volume of 863,447. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The stock's 50 day moving average is $61.58 and its two-hundred day moving average is $62.85. The firm has a market cap of $5.15 billion, a PE ratio of 48.77, a PEG ratio of 1.96 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Hexcel's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, equities analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel's payout ratio is currently 45.80%.

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.