Compass Wealth Management LLC Sells 2,917 Shares of Hexcel Co. (NYSE:HXL)

Compass Wealth Management LLC lessened its holdings in Hexcel Co. (NYSE:HXL) by 23.2% during the 4th quarter, Holdings Channel reports. The firm owned 9,637 shares of the aerospace company’s stock after selling 2,917 shares during the period. Compass Wealth Management LLC’s holdings in Hexcel were worth $604,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. True Wealth Design LLC bought a new position in Hexcel in the third quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Hexcel during the third quarter worth $56,000. First Horizon Advisors Inc. increased its holdings in Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the last quarter. Huntington National Bank lifted its stake in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the period. Finally, Eastern Bank bought a new position in Hexcel during the third quarter worth about $62,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Truist Financial upped their target price on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada lifted their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $73.25.

Hexcel Stock Performance

Shares of HXL stock opened at $67.48 on Friday. The firm has a market cap of $5.47 billion, a PE ratio of 42.44, a P/E/G ratio of 1.94 and a beta of 1.30. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company’s fifty day simple moving average is $63.73 and its 200-day simple moving average is $62.71. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.55%. Equities research analysts expect that Hexcel Co. will post 2.34 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.01%. Hexcel’s dividend payout ratio (DPR) is currently 37.74%.

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.