Walleye Capital LLC Sells 17,781 Shares of Hexcel Co. (NYSE:HXL)

Walleye Capital LLC lowered its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 77.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,119 shares of the aerospace company's stock after selling 17,781 shares during the period. Walleye Capital LLC's holdings in Hexcel were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HXL. Allworth Financial LP lifted its holdings in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel in the fourth quarter worth $49,000. Manchester Capital Management LLC raised its stake 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 worth $53,000 after purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hexcel during the 4th quarter worth $57,000. Finally, Huntington National Bank increased its holdings in shares of Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after acquiring an additional 204 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday. StockNews.com cut shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday. BMO Capital Markets cut their price objective on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday. Truist Financial decreased their target price on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Stock Performance

HXL traded up $0.10 during trading on Friday, hitting $50.27. 919,342 shares of the company traded hands, compared to its average volume of 960,375. 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 firm has a market cap of $4.04 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel Co. has a one year low of $45.28 and a one year high of $73.58. The stock's fifty day moving average is $55.68 and its 200 day moving average is $60.71.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The business had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, equities analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's payout ratio is 45.03%.

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.