Aries Wealth Management Sells 500 Shares of Hexcel Co. (NYSE:HXL)

Aries Wealth Management reduced its holdings in shares of Hexcel Co. (NYSE:HXL) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the aerospace company’s stock after selling 500 shares during the quarter. Aries Wealth Management’s holdings in Hexcel were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HXL. True Wealth Design LLC purchased a new position in Hexcel in the 3rd quarter worth about $30,000. Capital Performance Advisors LLP purchased a new position in shares of Hexcel during the third quarter valued at approximately $56,000. First Horizon Advisors Inc. lifted its position in Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the period. Huntington National Bank boosted its holdings in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Hexcel in the third quarter worth approximately $62,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Down 1.1 %

Shares of HXL stock opened at $64.16 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The company’s fifty day moving average price is $64.69 and its 200-day moving average price is $62.76. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 1.84 and a beta of 1.31.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Sell-side analysts expect that Hexcel Co. will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is 37.74%.

Wall Street Analyst Weigh In

HXL has been the topic of several research analyst reports. UBS Group increased their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial boosted their price target on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.