First Hawaiian Bank Sells 160 Shares of Hexcel Co. (NYSE:HXL)

First Hawaiian Bank reduced its position in Hexcel Co. (NYSE:HXL) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,619 shares of the aerospace company’s stock after selling 160 shares during the period. First Hawaiian Bank’s holdings in Hexcel were worth $1,230,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Speece Thorson Capital Group Inc. lifted its stake in shares of Hexcel by 15.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after buying an additional 32,960 shares in the last quarter. Barclays PLC raised its holdings in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after acquiring an additional 17,011 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after acquiring an additional 63,730 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Hexcel by 215.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after purchasing an additional 590,975 shares during the last quarter. Finally, FMR LLC increased its holdings in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after purchasing an additional 8,135 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $64.71 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market cap of $5.24 billion, a PE ratio of 49.40, a PEG ratio of 1.97 and a beta of 1.30. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The stock’s fifty day moving average price is $62.29 and its two-hundred day moving average price is $62.44.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities research analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Hexcel’s payout ratio is 45.80%.

Analyst Ratings Changes

HXL has been the topic of several analyst reports. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $74.00 in a research report on Thursday, December 19th. Truist Financial cut their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, October 10th. Finally, StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and an average target price of $71.33.

About Hexcel

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.