Entropy Technologies LP Invests $855,000 in Hexcel Co. (NYSE:HXL)

Entropy Technologies LP bought a new position in shares of Hexcel Co. (NYSE:HXL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,836 shares of the aerospace company’s stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HXL. Quantbot Technologies LP purchased a new position in shares of Hexcel in the 1st quarter valued at $393,000. SG Americas Securities LLC lifted its holdings in shares of Hexcel by 263.8% in the 1st quarter. SG Americas Securities LLC now owns 8,138 shares of the aerospace company’s stock valued at $593,000 after purchasing an additional 5,901 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Hexcel in the 1st quarter valued at about $119,000. Russell Investments Group Ltd. grew its stake in Hexcel by 258.8% during the 1st quarter. Russell Investments Group Ltd. now owns 39,428 shares of the aerospace company’s stock worth $2,872,000 after buying an additional 28,439 shares during the last quarter. Finally, US Bancorp DE increased its position in Hexcel by 31.3% during the first quarter. US Bancorp DE now owns 40,522 shares of the aerospace company’s stock worth $2,952,000 after buying an additional 9,655 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Trading Up 0.1 %

Shares of HXL opened at $61.32 on Thursday. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The firm has a market capitalization of $4.97 billion, a P/E ratio of 46.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. 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 stock’s fifty day simple moving average is $61.12 and its 200 day simple moving average is $64.00.

Hexcel (NYSE:HXL) last released 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 the consensus estimate of $457.07 million. During the same period last year, the business posted $0.38 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

Analysts Set New Price Targets

HXL has been the subject of a number of recent research reports. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Thursday, October 10th. Truist Financial lowered 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Morgan Stanley lowered their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. 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 given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.