XTX Topco Ltd Sells 13,387 Shares of Hexcel Co. (NYSE:HXL)

XTX Topco Ltd cut its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 50.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,201 shares of the aerospace company's stock after selling 13,387 shares during the quarter. XTX Topco Ltd's holdings in Hexcel were worth $816,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HXL. True Wealth Design LLC bought a new position in shares of Hexcel during the third quarter valued at about $30,000. Capital Performance Advisors LLP purchased a new stake in Hexcel during the 3rd quarter valued at about $56,000. First Horizon Advisors Inc. grew its position in Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after acquiring an additional 326 shares during the last quarter. Huntington National Bank grew its position in Hexcel by 30.8% during the 3rd 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. Finally, Eastern Bank bought a new stake in Hexcel in the third quarter valued at approximately $62,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HXL shares. Truist Financial decreased their target price 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. Royal Bank of Canada lowered shares of Hexcel from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. BMO Capital Markets decreased their target price on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, October 28th. Finally, Vertical Research cut shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price target on the stock. in a report on Thursday, October 10th. Two research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $70.83.

Hexcel Stock Up 0.8 %

Shares of NYSE HXL traded up $0.50 during trading on Thursday, reaching $63.89. The company had a trading volume of 1,044,548 shares, compared to its average volume of 865,785. The business's 50-day moving average is $61.50 and its 200 day moving average is $62.84. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.18 billion, a PE ratio of 48.38, a P/E/G ratio of 1.94 and a beta of 1.30. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09.

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, beating analysts' consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. During the same period last year, the business earned $0.38 EPS. Hexcel's revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is 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.