Hexcel Co. (NYSE:HXL) Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Hexcel Co. (NYSE:HXL - Free Report) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,305 shares of the aerospace company's stock after purchasing an additional 24,776 shares during the period. Thrivent Financial for Lutherans owned about 0.29% of Hexcel worth $14,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HXL. Vanguard Group Inc. increased its holdings in Hexcel by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company's stock valued at $576,556,000 after buying an additional 67,425 shares in the last quarter. Earnest Partners LLC raised its position in shares of Hexcel by 2.9% during the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company's stock worth $302,008,000 after purchasing an additional 136,290 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company's stock worth $105,874,000 after purchasing an additional 1,246,765 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock worth $87,829,000 after purchasing an additional 103,679 shares during the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Hexcel by 12.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company's stock worth $71,810,000 after purchasing an additional 129,335 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Performance

HXL traded up $0.96 on Thursday, hitting $59.52. 571,881 shares of the company's stock were exchanged, compared to its average volume of 867,244. The firm has a market cap of $4.82 billion, a PE ratio of 45.44, a P/E/G ratio of 1.73 and a beta of 1.30. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The stock has a fifty day moving average of $60.96 and a two-hundred day moving average of $63.72. 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 (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 firm 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, research analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is 45.80%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HXL shares. UBS Group boosted their price target on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Hexcel from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Truist Financial lowered their price objective on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, October 18th. Finally, Royal Bank of Canada cut shares of Hexcel from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Two equities research 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, the company has an average rating of "Hold" and a consensus price target of $71.31.

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.