912 Shares in Hexcel Co. (NYSE:HXL) Purchased by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hexcel Co. (NYSE:HXL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 912 shares of the aerospace company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of Hexcel during the third quarter worth about $30,000. Allworth Financial LP grew its holdings in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel during the fourth quarter worth about $49,000. Manchester Capital Management LLC grew its holdings in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after buying an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Hexcel in the 3rd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 4.1 %

Shares of NYSE HXL opened at $60.77 on Tuesday. The firm has a fifty day moving average of $64.80 and a 200-day moving average of $62.83. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The stock has a market capitalization of $4.93 billion, a PE ratio of 38.22, a P/E/G ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. On average, analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio is 42.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HXL shares. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Finally, Truist Financial lifted their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hexcel has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel Company 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.