Hexcel Co. (NYSE:HXL) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in Hexcel Co. (NYSE:HXL) by 928.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,151 shares of the aerospace company’s stock after acquiring an additional 66,943 shares during the period. Intech Investment Management LLC owned 0.09% of Hexcel worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Hexcel in the third quarter worth approximately $56,000. First Horizon Advisors Inc. raised its stake in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after buying an additional 326 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the period. Eastern Bank bought a new position in Hexcel during the third quarter valued at about $62,000. Finally, GAMMA Investing LLC grew its holdings in Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 276 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HXL. Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. 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 lifted their price target on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets cut their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Finally, UBS Group lifted their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment 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 an average rating of “Hold” and an average price target of $71.31.

Hexcel Stock Up 2.8 %

Shares of Hexcel stock opened at $61.20 on Friday. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a market cap of $4.96 billion, a P/E ratio of 46.72, a P/E/G ratio of 1.73 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 has a 50-day moving average price of $60.97 and a 200 day moving average price of $63.66.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. As a group, analysts expect that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

Hexcel Company 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.