Weybosset Research & Management LLC Has $12.77 Million Position in Hexcel Co. (NYSE:HXL)

Weybosset Research & Management LLC reduced its holdings in Hexcel Co. (NYSE:HXL) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,288 shares of the aerospace company’s stock after selling 4,419 shares during the quarter. Hexcel accounts for 4.8% of Weybosset Research & Management LLC’s portfolio, making the stock its 8th largest position. Weybosset Research & Management LLC’s holdings in Hexcel were worth $12,770,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Leeward Investments LLC MA increased its holdings in shares of Hexcel by 0.3% during the first quarter. Leeward Investments LLC MA now owns 342,684 shares of the aerospace company’s stock valued at $24,964,000 after purchasing an additional 889 shares during the period. First Trust Direct Indexing L.P. grew its position in Hexcel by 11.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,501 shares of the aerospace company’s stock valued at $255,000 after buying an additional 372 shares in the last quarter. State of Michigan Retirement System increased its stake in Hexcel by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 20,697 shares of the aerospace company’s stock valued at $1,508,000 after buying an additional 500 shares during the period. Oak Thistle LLC bought a new stake in shares of Hexcel during the 1st quarter worth about $401,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Hexcel by 64.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,836 shares of the aerospace company’s stock worth $498,000 after acquiring an additional 2,676 shares during the period. Institutional investors own 95.47% of the company’s stock.

Hexcel Trading Up 2.0 %

NYSE HXL traded up $1.27 on Monday, hitting $65.43. 1,132,864 shares of the company were exchanged, compared to its average volume of 924,157. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08. The firm has a market capitalization of $5.44 billion, a P/E ratio of 55.92, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The company’s 50 day moving average price is $70.24 and its 200-day moving average price is $69.41.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Analysts predict that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. Hexcel’s payout ratio is currently 51.28%.

Insider Transactions at Hexcel

In other Hexcel 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 approximately $3,608,074.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total transaction of $62,294.40. Following the transaction, the insider now directly owns 3,375 shares in the company, valued at approximately $243,337.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $71.63, for a total value of $322,335.00. Following the sale, the insider now owns 50,371 shares of the company’s stock, valued at $3,608,074.73. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Barclays lowered their price target on Hexcel from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Bank of America restated an “underperform” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. Truist Financial decreased their target price on Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Stifel Nicolaus dropped their price target on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.57.

Hexcel Company 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.