Sanctuary Advisors LLC Raises Position in Hexcel Co. (NYSE:HXL)

Sanctuary Advisors LLC lifted its position in Hexcel Co. (NYSE:HXL - Free Report) by 59.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,076 shares of the aerospace company's stock after purchasing an additional 12,329 shares during the quarter. Sanctuary Advisors LLC's holdings in Hexcel were worth $2,024,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HXL. Summit Financial LLC raised its stake in shares of Hexcel by 2.9% during the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company's stock valued at $335,000 after acquiring an additional 153 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Hexcel by 3.7% during the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock valued at $300,000 after buying an additional 172 shares during the last quarter. Huntington National Bank grew its position in shares of Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock worth $59,000 after buying an additional 225 shares during the last quarter. NBW Capital LLC boosted its stake in Hexcel by 1.1% in the second quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company's stock valued at $1,702,000 after acquiring an additional 302 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Hexcel by 0.6% during the 2nd quarter. Fifth Third Bancorp now owns 52,574 shares of the aerospace company's stock valued at $3,283,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HXL shares. Royal Bank of Canada raised shares of Hexcel from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $68.00 to $74.00 in a report on Thursday. Wells Fargo & Company increased their target price on shares of Hexcel from $78.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Vertical Research downgraded Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price target on the stock. in a research report on Thursday, October 10th. Truist Financial dropped their price target on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. Finally, UBS Group boosted 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hexcel currently has a consensus rating of "Hold" and a consensus price target of $71.33.

Hexcel Stock Performance

Hexcel stock traded up $1.45 during mid-day trading on Thursday, reaching $63.06. 1,214,556 shares of the company were exchanged, compared to its average volume of 867,370. The firm's 50-day simple moving average is $61.95 and its two-hundred day simple moving average is $62.65. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The firm has a market cap of $5.11 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

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 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 quarter in the prior year, the company posted $0.38 earnings per share. Hexcel's quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts predict that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, November 1st. Hexcel's payout ratio is 45.80%.

About Hexcel

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.