Federated Hermes Inc. Sells 493 Shares of Hexcel Co. (NYSE:HXL)

Federated Hermes Inc. lessened its position in shares of Hexcel Co. (NYSE:HXL) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,338 shares of the aerospace company’s stock after selling 493 shares during the quarter. Federated Hermes Inc.’s holdings in Hexcel were worth $523,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HXL. Allworth Financial LP grew its holdings in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Hexcel in the 4th quarter worth $49,000. Manchester Capital Management LLC increased its holdings 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 buying an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hexcel during the 4th quarter valued at about $57,000. Finally, Huntington National Bank lifted its holdings in shares of Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 0.2 %

Shares of NYSE HXL opened at $52.12 on Thursday. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $73.58. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.72 and a beta of 1.08. The stock has a 50 day moving average price of $57.81 and a 200 day moving average price of $61.17. 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 issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting 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 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. Hexcel’s dividend payout ratio (DPR) is 42.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HXL shares. Wells Fargo & Company restated an “equal weight” rating and set a $55.00 price objective (down from $63.00) on shares of Hexcel in a research report on Tuesday. Truist Financial lowered their price target on Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Morgan Stanley cut their price objective on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating on the stock in a research report on Friday, April 11th. Barclays lowered their target price on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.10.

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.