ING Groep NV Purchases New Position in Hexcel Co. (NYSE:HXL)

ING Groep NV purchased a new stake in Hexcel Co. (NYSE:HXL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,200 shares of the aerospace company's stock, valued at approximately $1,125,000.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Hexcel during the third quarter worth approximately $56,000. Huntington National Bank boosted its position in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after buying an additional 225 shares in the last quarter. Eastern Bank acquired a new stake in Hexcel in the third quarter valued at approximately $62,000. GAMMA Investing LLC boosted its position in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock valued at $67,000 after buying an additional 276 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Hexcel by 38.9% during the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company's stock worth $92,000 after purchasing an additional 417 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Performance

Shares of HXL stock traded down $0.27 during trading on Monday, reaching $59.26. 449,768 shares of the company's stock traded hands, compared to its average volume of 868,228. The company has a market capitalization of $4.80 billion, a P/E ratio of 45.44, a PEG ratio of 1.76 and a beta of 1.30. 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 firm's 50-day moving average is $61.12 and its 200 day moving average is $63.92. 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 announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to analysts' expectations of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Hexcel's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. Equities research analysts expect that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, November 1st. Hexcel's payout ratio is 45.80%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HXL. Wells Fargo & Company lifted their price target on shares of Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. BMO Capital Markets cut their price target 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. Truist Financial cut their price target 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. Vertical Research cut shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price target on the stock. in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Hexcel from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Two investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $71.54.

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.