Proficio Capital Partners LLC Acquires Shares of 10,095 Hexcel Co. (NYSE:HXL)

Proficio Capital Partners LLC purchased a new position in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 10,095 shares of the aerospace company’s stock, valued at approximately $633,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its holdings in Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Hexcel during the 3rd quarter worth $485,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hexcel by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock valued at $65,585,000 after purchasing an additional 10,479 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Hexcel by 36.1% in the third quarter. Cerity Partners LLC now owns 54,468 shares of the aerospace company’s stock valued at $3,368,000 after purchasing an additional 14,455 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Hexcel stock opened at $55.80 on Monday. The stock has a fifty day moving average price of $63.09 and a 200 day moving average price of $62.27. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 52 week low of $55.25 and a 52 week high of $73.58. The firm has a market capitalization of $4.53 billion, a P/E ratio of 35.09, a PEG ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings data 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 net margin of 6.94% and a return on equity of 10.66%. Equities research analysts anticipate that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio (DPR) is 42.77%.

Analyst Upgrades and Downgrades

HXL has been the topic of several recent analyst reports. Wells Fargo & Company upped 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. 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 report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a report on Monday, February 24th. Truist Financial upped their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.09.

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.