Trexquant Investment LP Decreases Position in Hexcel Co. (NYSE:HXL)

Trexquant Investment LP lessened its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 83.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,691 shares of the aerospace company's stock after selling 63,358 shares during the period. Trexquant Investment LP's holdings in Hexcel were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after purchasing an additional 8,135 shares during the period. Quantinno Capital Management LP purchased a new position in Hexcel during the third quarter worth about $299,000. MML Investors Services LLC increased its stake in Hexcel by 4.1% in the 3rd quarter. MML Investors Services LLC now owns 37,673 shares of the aerospace company's stock worth $2,329,000 after acquiring an additional 1,497 shares during the last quarter. Barclays PLC raised its holdings in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after acquiring an additional 17,011 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Hexcel by 59.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 33,076 shares of the aerospace company's stock valued at $2,024,000 after acquiring an additional 12,329 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HXL shares. Truist Financial dropped their target price on shares of Hexcel from $80.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank of Canada raised their price objective on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Morgan Stanley cut their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Barclays decreased their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company cut shares of Hexcel from an "overweight" rating to a "reduce" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.40.

Hexcel Trading Up 0.4 %

Shares of HXL traded up $0.20 during mid-day trading on Thursday, hitting $52.31. 227,152 shares of the company's stock traded hands, compared to its average volume of 944,925. 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 business's 50-day moving average price is $57.81 and its 200-day moving average price is $61.17. The firm has a market capitalization of $4.21 billion, a P/E ratio of 32.95, a PEG ratio of 1.72 and a beta of 1.08. Hexcel Co. has a 1 year low of $45.28 and a 1 year high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio 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.