Hexcel Co. (NYSE:HXL) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,305 shares of the aerospace company's stock after acquiring an additional 24,776 shares during the period. Thrivent Financial for Lutherans owned about 0.29% of Hexcel worth $14,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HXL. RiverPark Advisors LLC boosted its holdings in Hexcel by 26.0% in the third quarter. RiverPark Advisors LLC now owns 6,693 shares of the aerospace company's stock valued at $414,000 after purchasing an additional 1,381 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Hexcel by 21.7% in the 3rd quarter. Natixis Advisors LLC now owns 196,229 shares of the aerospace company's stock valued at $12,133,000 after buying an additional 35,022 shares during the period. ING Groep NV acquired a new stake in Hexcel during the third quarter worth about $1,125,000. 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 valued at $59,000 after acquiring an additional 225 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. raised its position in Hexcel by 15.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock valued at $15,140,000 after acquiring an additional 32,960 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Down 0.3 %

NYSE HXL opened at $58.60 on Thursday. The business has a fifty day moving average price of $61.00 and a 200 day moving average price of $63.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The company has a market cap of $4.75 billion, a P/E ratio of 44.73, a P/E/G ratio of 1.76 and a beta of 1.30. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09.

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 analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $457.00 million during 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%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. Research analysts anticipate that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is 45.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HXL shares. Vertical Research cut shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a research note on Thursday, October 10th. Truist Financial dropped their price target on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Royal Bank of Canada downgraded shares of Hexcel from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets cut their price target on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus price target 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.