Ingalls & Snyder LLC Sells 8,924 Shares of Hexcel Co. (NYSE:HXL)

Ingalls & Snyder LLC lessened its position in shares of Hexcel Co. (NYSE:HXL) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 390,046 shares of the aerospace company’s stock after selling 8,924 shares during the period. Hexcel comprises approximately 1.0% of Ingalls & Snyder LLC’s portfolio, making the stock its 24th biggest holding. Ingalls & Snyder LLC’s holdings in Hexcel were worth $24,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HXL. DAVENPORT & Co LLC lifted its holdings in shares of Hexcel by 1,153.9% during the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after acquiring an additional 493,218 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in Hexcel by 34.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after purchasing an additional 251,062 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Hexcel by 52.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock valued at $36,246,000 after purchasing an additional 200,722 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Hexcel by 588.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 205,458 shares of the aerospace company’s stock valued at $12,704,000 after purchasing an additional 175,608 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 1.9 %

HXL opened at $64.90 on Thursday. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. 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 company has a fifty day moving average of $64.66 and a 200-day moving average of $62.75. The stock has a market cap of $5.27 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. On average, sell-side analysts predict that Hexcel Co. will post 2.16 EPS for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.05%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 37.74%.

Analysts Set New Price Targets

Several equities analysts recently commented on HXL shares. Wells Fargo & Company increased their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Truist Financial increased their price objective on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.09.

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.