Proficio Capital Partners LLC Purchases New Shares in Hexcel Co. (NYSE:HXL)

Proficio Capital Partners LLC acquired a new stake in Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,095 shares of the aerospace company's stock, valued at approximately $633,000.

Several other institutional investors have also added to or reduced their stakes in HXL. True Wealth Design LLC purchased a new stake in shares of Hexcel during the 3rd quarter valued at approximately $30,000. Allworth Financial LP lifted 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 worth $42,000 after acquiring an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the fourth quarter worth $49,000. Manchester Capital Management LLC grew its position in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel during the 4th quarter valued at $57,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HXL. Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Royal Bank of Canada upped their target price on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Truist Financial lifted their price target on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Finally, StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $73.09.

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Hexcel Trading Down 1.8 %

Shares of HXL traded down $1.04 during trading hours on Thursday, hitting $58.08. The company had a trading volume of 893,606 shares, compared to its average volume of 1,125,932. Hexcel Co. has a 52-week low of $55.24 and a 52-week high of $73.58. 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 stock's 50 day moving average price is $62.60 and its 200 day moving average price is $62.22. The firm has a market cap of $4.71 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.72 and a beta of 1.30.

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

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is a positive change from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio is currently 42.77%.

About Hexcel

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.