Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,433 shares of the aerospace company's stock, valued at approximately $1,634,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Hexcel during the third quarter worth approximately $56,000. First Horizon Advisors Inc. raised its position in Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after purchasing an additional 326 shares during the period. 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 worth $59,000 after purchasing an additional 225 shares during the last quarter. Eastern Bank purchased a new stake in Hexcel during the third quarter valued at about $62,000. Finally, GAMMA Investing LLC boosted its holdings in Hexcel by 34.8% during 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 during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating for the company in a report on Friday, October 18th. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut Hexcel from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Vertical Research lowered Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. Finally, UBS Group lifted their price objective on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $70.58.
Get Our Latest Analysis on Hexcel
Hexcel Stock Up 0.9 %
NYSE:HXL traded up $0.59 during trading hours on Monday, reaching $63.98. 795,890 shares of the company traded hands, compared to its average volume of 865,267. 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 business's 50-day moving average price is $61.17 and its two-hundred day moving average price is $63.20. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The stock has a market capitalization of $5.18 billion, a P/E ratio of 48.40, a P/E/G ratio of 1.96 and a beta of 1.30.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share 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 company had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. During the same period in the previous year, the business earned $0.38 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.
Hexcel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio is currently 45.80%.
About Hexcel
(
Free Report)
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.
Further Reading
Before you consider Hexcel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexcel wasn't on the list.
While Hexcel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
