Proficio Capital Partners LLC Invests $633,000 in Hexcel Co. (NYSE:HXL)

Proficio Capital Partners LLC purchased a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,095 shares of the aerospace company's stock, valued at approximately $633,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Hexcel in the third quarter worth about $30,000. Allworth Financial LP boosted its position in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel during the 4th quarter worth approximately $49,000. Manchester Capital Management LLC increased its holdings in shares of Hexcel by 100.0% during the 4th 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, Capital Performance Advisors LLP acquired a new position in shares of Hexcel in the 3rd quarter valued at $56,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of NYSE:HXL traded down $1.04 during midday trading on Thursday, hitting $55.46. The company's stock had a trading volume of 743,772 shares, compared to its average volume of 1,115,705. The company has a market cap of $4.50 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Hexcel Co. has a 12-month low of $55.24 and a 12-month high of $73.58. The business's 50 day simple moving average is $64.10 and its 200 day simple moving average is $62.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

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

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. This is a boost from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio is presently 42.77%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HXL shares. Wells Fargo & Company upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. StockNews.com cut Hexcel from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Royal Bank of Canada increased their target price on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Truist Financial boosted their price target on shares of Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $73.09.

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.