Natixis Advisors LLC Increases Position in Hexcel Co. (NYSE:HXL)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in HXL. Summit Financial LLC increased its position in shares of Hexcel by 2.9% in the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company's stock valued at $335,000 after buying an additional 153 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Hexcel by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company's stock worth $542,000 after acquiring an additional 182 shares during the last quarter. Huntington National Bank raised its position in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock worth $59,000 after acquiring an additional 225 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 276 shares during the last quarter. Finally, NBW Capital LLC grew its position in shares of 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 purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of analyst reports. UBS Group increased their target price on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Truist Financial reduced their price objective 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. Wells Fargo & Company lifted their target price on shares of Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered Hexcel from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Finally, StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hexcel has a consensus rating of "Hold" and an average price target of $71.54.

Hexcel Stock Performance

Shares of HXL stock opened at $58.60 on Thursday. The company's fifty day simple moving average is $61.00 and its 200-day simple moving average is $63.75. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a market cap of $4.75 billion, a PE ratio of 44.73, a P/E/G ratio of 1.76 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS 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 company had revenue of $457.00 million for the quarter, compared to analysts' expectations of $457.07 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The firm's quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. Hexcel's dividend payout ratio is currently 45.80%.

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.