Hexcel Co. (NYSE:HXL) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 69.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,453 shares of the aerospace company’s stock after selling 7,957 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Hexcel were worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HXL. CENTRAL TRUST Co grew its holdings in Hexcel by 68.1% during the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after buying an additional 179 shares during the last quarter. Creative Planning purchased a new position in shares of Hexcel during the 3rd quarter worth $30,000. Farther Finance Advisors LLC lifted its stake in shares of Hexcel by 100.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 412 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 206 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Hexcel during the 2nd quarter worth $31,000. Finally, RiverPark Advisors LLC purchased a new position in shares of Hexcel during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Up 0.4 %

NYSE:HXL opened at $72.72 on Thursday. The business’s 50-day moving average is $72.11 and its two-hundred day moving average is $69.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. Hexcel Co. has a 12 month low of $58.81 and a 12 month high of $79.08. The firm has a market capitalization of $6.04 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.23.

Hexcel (NYSE:HXL) last announced its earnings results on Thursday, January 25th. The aerospace company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $474.01 million. Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Research analysts predict that Hexcel Co. will post 2.25 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 8th. This is an increase from Hexcel’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hexcel’s dividend payout ratio (DPR) is currently 48.39%.

Insider Activity

In other news, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the sale, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Thierry Merlot sold 4,500 shares of Hexcel stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $71.63, for a total value of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the transaction, the insider now owns 3,375 shares of the company’s stock, valued at $243,337.50. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

HXL has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Hexcel from a “sell” rating to a “neutral” rating and increased their price target for the stock from $57.00 to $70.00 in a research note on Wednesday, January 10th. Truist Financial raised Hexcel from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $96.00 in a research note on Wednesday, January 10th. BMO Capital Markets increased their target price on Hexcel from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their target price on Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Hexcel in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Hexcel presently has a consensus rating of “Hold” and a consensus target price of $77.46.

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.