Hexcel Co. (NYSE:HXL) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its position in shares of Hexcel Co. (NYSE:HXL) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,829 shares of the aerospace company’s stock after selling 1,938 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Hexcel were worth $2,184,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Pictet Asset Management Holding SA increased its position in Hexcel by 13.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,174 shares of the aerospace company’s stock worth $826,000 after purchasing an additional 1,607 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Hexcel in the fourth quarter worth $412,000. Norges Bank purchased a new position in shares of Hexcel in the 4th quarter valued at $60,241,000. JPMorgan Chase & Co. lifted its holdings in shares of Hexcel by 12.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,017,787 shares of the aerospace company’s stock valued at $63,815,000 after acquiring an additional 114,620 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Hexcel by 62.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,300 shares of the aerospace company’s stock worth $2,351,000 after purchasing an additional 14,307 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Cowen raised Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Wells Fargo & Company boosted their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Truist Financial cut their price objective on Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Barclays decreased their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus price target of $72.25.

Hexcel Stock Performance

Shares of HXL stock opened at $54.71 on Wednesday. Hexcel Co. has a 12-month low of $54.10 and a 12-month high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The business has a 50 day simple moving average of $61.72 and a 200 day simple moving average of $62.09.

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

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. Hexcel’s dividend payout ratio (DPR) is 42.77%.

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.