Victory Capital Management Inc. Has $965,000 Stock Holdings in Hexcel Co. (NYSE:HXL)

Victory Capital Management Inc. cut its holdings in Hexcel Co. (NYSE:HXL) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,388 shares of the aerospace company’s stock after selling 353 shares during the quarter. Victory Capital Management Inc.’s holdings in Hexcel were worth $965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Hexcel in the 3rd quarter valued at approximately $30,000. Allworth Financial LP grew its position in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel in the 4th quarter valued at approximately $49,000. Manchester Capital Management LLC grew its position 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 valued at $53,000 after purchasing an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hexcel in the 4th quarter valued at approximately $57,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Trading Down 1.8 %

Shares of Hexcel stock opened at $56.83 on Friday. Hexcel Co. has a 12-month low of $55.25 and a 12-month high of $73.58. The stock has a market cap of $4.61 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $63.27 and its 200-day moving average is $62.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 42.77%.

Analyst Ratings Changes

Several brokerages recently issued reports on HXL. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company upped their price target on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.09.

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.