Hexcel Co. (NYSE:HXL) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 588.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,458 shares of the aerospace company's stock after purchasing an additional 175,608 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.25% of Hexcel worth $12,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hexcel in the first quarter worth about $245,000. Tidal Investments LLC boosted its holdings in shares of Hexcel by 40.6% in the 1st quarter. Tidal Investments LLC now owns 5,415 shares of the aerospace company's stock worth $394,000 after purchasing an additional 1,564 shares during the period. Cetera Advisors LLC purchased a new stake in Hexcel during the 1st quarter valued at $394,000. Transcend Capital Advisors LLC boosted its stake in Hexcel by 19.2% during the second quarter. Transcend Capital Advisors LLC now owns 3,592 shares of the aerospace company's stock worth $224,000 after buying an additional 579 shares during the period. Finally, GAMMA Investing LLC increased its position in Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock valued at $67,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of NYSE HXL traded down $0.09 during midday trading on Tuesday, reaching $63.91. The company had a trading volume of 724,538 shares, compared to its average volume of 864,662. 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 business's 50-day simple moving average is $61.20 and its 200 day simple moving average is $63.14. 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 $5.18 billion, a P/E ratio of 48.79, a P/E/G ratio of 1.98 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $457.00 million for 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 revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Hexcel's payout ratio is 45.80%.

Analysts Set New Price Targets

HXL has been the topic of several recent analyst reports. Truist Financial reduced their price target on Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada cut shares of Hexcel from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lowered their price target on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Hexcel has a consensus rating of "Hold" and a consensus price target of $70.58.

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.