Centiva Capital LP Sells 14,878 Shares of Hexcel Co. (NYSE:HXL)

Centiva Capital LP decreased its position in Hexcel Co. (NYSE:HXL - Free Report) by 44.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,901 shares of the aerospace company's stock after selling 14,878 shares during the quarter. Centiva Capital LP's holdings in Hexcel were worth $1,169,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HXL. Kestra Investment Management LLC bought a new position in shares of Hexcel during the 3rd quarter worth approximately $270,000. True Wealth Design LLC bought a new position in Hexcel in the third quarter valued at $30,000. Captrust Financial Advisors increased its stake in Hexcel by 54.5% in the 3rd quarter. Captrust Financial Advisors now owns 24,998 shares of the aerospace company's stock valued at $1,546,000 after buying an additional 8,821 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Hexcel by 588.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 205,458 shares of the aerospace company's stock valued at $12,704,000 after buying an additional 175,608 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Hexcel during the 3rd quarter worth about $739,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HXL shares. Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. UBS Group upped their price objective on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. BMO Capital Markets decreased their target price on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a research note on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Vertical Research downgraded shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $70.58.

Hexcel Stock Performance

NYSE HXL traded down $2.59 on Thursday, reaching $62.72. The stock had a trading volume of 1,141,514 shares, compared to its average volume of 865,585. 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 company has a market cap of $5.08 billion, a P/E ratio of 47.61, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. The firm has a fifty day moving average of $61.33 and a two-hundred day moving average of $63.10. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09.

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

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio is currently 45.80%.

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.