Hexcel Co. (NYSE:HXL) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 54.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,998 shares of the aerospace company's stock after buying an additional 8,821 shares during the period. Captrust Financial Advisors' holdings in Hexcel were worth $1,546,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Speece Thorson Capital Group Inc. increased its holdings in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock worth $15,140,000 after buying an additional 32,960 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Hexcel by 12.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock worth $35,957,000 after acquiring an additional 63,730 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company's stock worth $54,034,000 after acquiring an additional 590,975 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Hexcel during the second quarter valued at approximately $250,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of Hexcel by 232.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 98,122 shares of the aerospace company's stock valued at $6,128,000 after purchasing an additional 68,622 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Trading Down 0.3 %

HXL traded down $0.17 during trading on Friday, hitting $62.55. 643,644 shares of the stock were exchanged, compared to its average volume of 674,063. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The firm has a 50 day simple moving average of $61.37 and a 200 day simple moving average of $62.99. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 47.75, a P/E/G ratio of 2.02 and a beta of 1.30. 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 data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, equities analysts expect that Hexcel Co. will post 2.02 EPS 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 issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel's dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

HXL has been the topic of several analyst reports. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Truist Financial lowered their target price 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. Royal Bank of Canada cut shares of Hexcel from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Finally, BMO Capital Markets reduced their price objective on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, October 28th. Two equities 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 company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $70.58.

Hexcel Company 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.