UMB Bank n.a. Sells 685 Shares of Hexcel Co. (NYSE:HXL)

UMB Bank n.a. cut its stake in Hexcel Co. (NYSE:HXL) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,426 shares of the aerospace company’s stock after selling 685 shares during the period. UMB Bank n.a.’s holdings in Hexcel were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HXL. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after acquiring an additional 207,434 shares during the period. Trexquant Investment LP bought a new position in shares of Hexcel during the 4th quarter worth about $2,185,000. Evoke Wealth LLC bought a new position in shares of Hexcel during the 4th quarter worth about $2,036,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Hexcel by 32.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock worth $5,897,000 after acquiring an additional 19,736 shares during the period. Finally, Seven Eight Capital LP bought a new position in shares of Hexcel during the 1st quarter worth about $1,109,000. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Down 0.6 %

Shares of NYSE:HXL opened at $63.32 on Friday. Hexcel Co. has a one year low of $58.81 and a one year high of $77.09. The company has a 50 day moving average of $63.66 and a 200-day moving average of $67.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 54.12, a P/E/G ratio of 1.40 and a beta of 1.28.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The company had revenue of $500.40 million during the quarter, compared to analysts’ expectations of $484.26 million. During the same quarter in the previous year, the company earned $0.50 EPS. Hexcel’s revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Hexcel Co. will post 2.09 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, August 2nd. Hexcel’s dividend payout ratio is 51.28%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HXL shares. BMO Capital Markets dropped their target price on shares of Hexcel from $73.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, July 19th. Truist Financial dropped their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. UBS Group dropped their target price on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, July 1st. Finally, Morgan Stanley dropped their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.54.

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.