Entropy Technologies LP Buys Shares of 13,836 Hexcel Co. (NYSE:HXL)

Entropy Technologies LP bought a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,836 shares of the aerospace company's stock, valued at approximately $855,000.

A number of other large investors also recently modified their holdings of HXL. Capital Performance Advisors LLP acquired a new position in Hexcel during the third quarter worth $56,000. Eastern Bank bought a new stake in shares of Hexcel during the third quarter worth about $62,000. GAMMA Investing LLC lifted its position in Hexcel by 34.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock valued at $67,000 after acquiring an additional 276 shares in the last quarter. Whittier Trust Co. boosted its stake in Hexcel by 38.9% during the 3rd quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company's stock valued at $92,000 after purchasing an additional 417 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Hexcel during the 1st quarter valued at about $119,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HXL. Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $64.00 to $63.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Royal Bank of Canada cut Hexcel from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. 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. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, October 28th. Finally, UBS Group boosted their price target on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average price target of $71.54.

Hexcel Stock Performance

Shares of NYSE:HXL traded down $1.22 during mid-day trading on Thursday, reaching $60.08. The company had a trading volume of 149,344 shares, compared to its average volume of 867,064. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $61.12 and its 200-day moving average price is $64.00. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 1.81 and a beta of 1.30.

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

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is presently 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.