Trillium Asset Management LLC Sells 105,086 Shares of Hexcel Co. (NYSE:HXL)

Trillium Asset Management LLC trimmed its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,778 shares of the aerospace company's stock after selling 105,086 shares during the period. Trillium Asset Management LLC owned 0.22% of Hexcel worth $11,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in shares of Hexcel during the 3rd quarter valued at $30,000. Allworth Financial LP increased its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Hexcel in the 4th quarter valued at $49,000. Manchester Capital Management LLC increased its holdings 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 bought a new stake in Hexcel in the 4th quarter valued at $57,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Truist Financial lifted their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note 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 research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Hexcel has a consensus rating of "Hold" and a consensus target price of $73.09.

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Hexcel Trading Down 1.8 %

Shares of HXL stock traded down $1.02 during trading hours on Friday, reaching $55.80. 2,410,189 shares of the stock were exchanged, compared to its average volume of 914,378. Hexcel Co. has a 12-month low of $55.25 and a 12-month high of $73.58. The company's 50-day moving average price is $63.09 and its 200-day moving average price is $62.27. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting 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 anticipate that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.22%. Hexcel's dividend payout ratio (DPR) is presently 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.