Hexcel Co. (NYSE:HXL) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Hexcel Co. (NYSE:HXL) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 160,800 shares of the aerospace company’s stock after selling 1,500 shares during the quarter. Swiss National Bank’s holdings in Hexcel were worth $10,082,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HXL. True Wealth Design LLC purchased a new stake in shares of Hexcel during the 3rd quarter worth approximately $30,000. Allworth Financial LP boosted its stake in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel in the 4th quarter worth $49,000. Manchester Capital Management LLC lifted its stake in shares of Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hexcel in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 1.8 %

Shares of NYSE HXL opened at $56.83 on Friday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 1.72 and a beta of 1.30. The business has a 50 day simple moving average of $63.27 and a 200 day simple moving average of $62.30. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel’s dividend payout ratio is presently 42.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HXL shares. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Wells Fargo & Company raised their target price on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, Royal Bank of Canada raised their target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.09.

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.