Leeward Investments LLC MA Sells 17,059 Shares of Hexcel Co. (NYSE:HXL)

Leeward Investments LLC MA lessened its holdings in shares of Hexcel Co. (NYSE:HXL) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,091 shares of the aerospace company’s stock after selling 17,059 shares during the quarter. Leeward Investments LLC MA owned 0.37% of Hexcel worth $18,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HXL. True Wealth Design LLC bought a new stake in Hexcel during the 3rd quarter valued at $30,000. Allworth Financial LP boosted its holdings in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the 4th quarter worth $49,000. Manchester Capital Management LLC boosted its holdings in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Hexcel during the 3rd quarter worth $56,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HXL shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

NYSE HXL opened at $62.68 on Friday. The company has a market cap of $5.09 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. 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 firm’s 50-day simple moving average is $64.88 and its two-hundred day simple moving average is $62.81.

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

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 7th. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.08%. Hexcel’s dividend payout ratio is 42.77%.

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.