Compass Wealth Management LLC Has $489,000 Holdings in Hexcel Corporation (NYSE:HXL)

Compass Wealth Management LLC lessened its position in shares of Hexcel Corporation (NYSE:HXL) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,937 shares of the aerospace company’s stock after selling 700 shares during the quarter. Compass Wealth Management LLC’s holdings in Hexcel were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its stake in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after buying an additional 204 shares during the period. Insigneo Advisory Services LLC raised its stake in Hexcel by 4.5% during the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company’s stock worth $318,000 after buying an additional 218 shares during the period. Treasurer of the State of North Carolina raised its stake in Hexcel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock worth $2,243,000 after buying an additional 220 shares during the period. ProShare Advisors LLC raised its position in shares of Hexcel by 5.0% during the fourth quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company’s stock worth $310,000 after purchasing an additional 236 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Hexcel by 0.3% during the first quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company’s stock worth $5,407,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Down 0.4%

NYSE:HXL opened at $57.30 on Friday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.28. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The stock’s 50 day moving average price is $53.87 and its two-hundred day moving average price is $57.92. The company has a quick ratio of 1.39, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. Hexcel had a return on equity of 10.36% and a net margin of 6.60%. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 45.03%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HXL. UBS Group dropped their price target on Hexcel from $53.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets dropped their price objective on shares of Hexcel from $72.00 to $52.00 and set a “market perform” rating on the stock in a report on Wednesday, April 23rd. Truist Financial dropped their price objective on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada dropped their price target on Hexcel from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.67.

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.