Hexcel Co. (NYSE:HXL) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,532,703 shares of the aerospace company's stock after selling 168,984 shares during the period. Schroder Investment Management Group owned approximately 1.89% of Hexcel worth $95,932,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HXL. True Wealth Design LLC purchased a new position in shares of Hexcel during the third quarter valued at approximately $30,000. Allworth Financial LP lifted its stake in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the 4th quarter valued at $49,000. Manchester Capital Management LLC grew its position in Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 420 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Hexcel in the fourth quarter worth $57,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HXL. Royal Bank of Canada upped their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Truist Financial lowered their price target on Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. Wells Fargo & Company raised their price objective on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Barclays decreased their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hexcel currently has a consensus rating of "Hold" and a consensus price target of $72.25.

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Hexcel Stock Down 6.1 %

Shares of HXL traded down $3.11 during trading hours on Friday, hitting $48.27. The company had a trading volume of 1,614,070 shares, compared to its average volume of 967,156. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.88 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel Co. has a one year low of $45.21 and a one year high of $73.58. The company's fifty day moving average price is $60.70 and its two-hundred day moving average price is $61.89.

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, hitting analysts' consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, equities analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.41%. This is an increase from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio (DPR) is 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.