Hexcel Co. (NYSE:HXL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Hexcel Co. (NYSE:HXL - Free Report) by 44.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,856 shares of the aerospace company's stock after selling 51,249 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Hexcel worth $3,948,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HXL. Earnest Partners LLC grew its holdings in Hexcel by 2.9% in the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company's stock worth $302,008,000 after purchasing an additional 136,290 shares during the last quarter. AQR Capital Management LLC grew its stake in Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company's stock worth $105,874,000 after buying an additional 1,246,765 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Hexcel by 36.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company's stock worth $98,966,000 after buying an additional 425,402 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock valued at $87,829,000 after buying an additional 103,679 shares in the last quarter. Finally, Copeland Capital Management LLC raised its stake in Hexcel by 12.5% in the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company's stock valued at $71,810,000 after buying an additional 129,335 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

NYSE:HXL traded down $2.59 during trading hours on Thursday, reaching $62.72. The company 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 firm has a market cap of $5.08 billion, a PE ratio of 47.61, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. The business's 50 day moving average price is $61.33 and its 200-day moving average price is $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, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. Research analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Truist Financial decreased 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. BMO Capital Markets dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, October 28th. Finally, Vertical Research lowered Hexcel from a "buy" rating to a "hold" rating and set a $65.00 target price for the company. in a research note on Thursday, October 10th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.58.

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.