Natixis Advisors LLC Acquires 35,022 Shares of Hexcel Co. (NYSE:HXL)

Natixis Advisors LLC grew its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,229 shares of the aerospace company's stock after purchasing an additional 35,022 shares during the period. Natixis Advisors LLC owned approximately 0.24% of Hexcel worth $12,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Hexcel in the 3rd quarter worth about $56,000. Huntington National Bank lifted its position in shares of Hexcel by 30.8% in the third 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. Eastern Bank bought a new stake in Hexcel during the third quarter worth approximately $62,000. GAMMA Investing LLC grew its stake in 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 buying an additional 276 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of Hexcel by 38.9% in the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company's stock valued at $92,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Vertical Research cut shares of 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. Royal Bank of Canada lowered shares of Hexcel from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $71.31.

Hexcel Trading Up 1.6 %

Shares of NYSE HXL traded up $0.96 during mid-day trading on Thursday, hitting $59.52. The company's stock had a trading volume of 571,881 shares, compared to its average volume of 867,244. The company's fifty day simple moving average is $60.96 and its 200-day simple moving average is $63.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last issued its 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 firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

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