Hexcel Co. (NYSE:HXL) Shares Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC grew its position in Hexcel Co. (NYSE:HXL) by 26.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,693 shares of the aerospace company’s stock after purchasing an additional 1,381 shares during the period. RiverPark Advisors LLC’s holdings in Hexcel were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Summit Financial LLC grew its holdings in Hexcel by 2.9% during the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after acquiring an additional 153 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Hexcel by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 182 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Hexcel by 6.9% during the first quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock worth $212,000 after purchasing an additional 187 shares in the last quarter. Huntington National Bank boosted its position in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 276 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Trading Down 0.8 %

NYSE:HXL opened at $59.53 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The stock has a fifty day moving average price of $61.12 and a 200 day moving average price of $63.93. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. 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) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. Sell-side analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

Wall Street Analysts Forecast Growth

HXL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Morgan Stanley cut their price target on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Truist Financial cut their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. BMO Capital Markets cut their target price 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. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. 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. Based on data from MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus target price of $71.54.

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.