Leeward Investments LLC MA Acquires 77,092 Shares of Hexcel Co. (NYSE:HXL)

Leeward Investments LLC MA lifted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 32.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,150 shares of the aerospace company's stock after acquiring an additional 77,092 shares during the quarter. Leeward Investments LLC MA owned 0.39% of Hexcel worth $19,548,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HXL. Summit Financial LLC raised its position in Hexcel by 2.9% during the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company's stock worth $335,000 after acquiring an additional 153 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Hexcel by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company's stock valued at $542,000 after purchasing an additional 182 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Hexcel by 6.9% during the first quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company's stock valued at $212,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Hexcel by 34.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock valued at $67,000 after purchasing an additional 276 shares in the last quarter. Finally, NBW Capital LLC raised its holdings 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. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Down 2.1 %

Shares of NYSE:HXL traded down $1.28 during midday trading on Thursday, reaching $61.14. The company had a trading volume of 615,536 shares, compared to its average volume of 876,881. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The stock has a market cap of $4.95 billion, a PE ratio of 47.65, a P/E/G ratio of 1.45 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The business's 50 day moving average price is $61.22 and its 200 day moving average price is $64.08.

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, topping 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%. Hexcel's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. Research analysts forecast that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Hexcel's payout ratio is 45.80%.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of research reports. Vertical Research downgraded shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a report on Thursday, October 10th. Royal Bank of Canada downgraded shares of Hexcel from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. BMO Capital Markets lowered their price target on Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Truist Financial reduced their price objective on Hexcel from $78.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $71.54.

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.