Sanctuary Advisors LLC Grows Stock Position in Hexcel Co. (NYSE:HXL)

Sanctuary Advisors LLC grew its position in shares of Hexcel Co. (NYSE:HXL) by 59.4% during the third quarter, HoldingsChannel reports. The firm owned 33,076 shares of the aerospace company’s stock after buying an additional 12,329 shares during the period. Sanctuary Advisors LLC’s holdings in Hexcel were worth $2,024,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HXL. Earnest Partners LLC increased its stake in 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 buying an additional 136,290 shares during the period. AQR Capital Management LLC grew its stake in shares of Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after acquiring an additional 1,246,765 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after acquiring an additional 425,402 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hexcel by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock worth $87,829,000 after acquiring an additional 103,679 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in Hexcel by 12.5% in the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock valued at $71,810,000 after purchasing an additional 129,335 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Trading Down 3.1 %

NYSE:HXL opened at $61.61 on Thursday. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The business has a 50 day simple moving average of $61.86 and a 200 day simple moving average of $62.64. The firm has a market capitalization of $4.99 billion, a P/E ratio of 47.03, a P/E/G ratio of 1.96 and a beta of 1.30.

Hexcel (NYSE:HXL) last released 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 analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Equities research analysts predict that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

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 dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. Hexcel’s dividend payout ratio is presently 45.80%.

Analyst Ratings Changes

HXL has been the topic of several analyst reports. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. UBS Group upped their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, BMO Capital Markets reduced their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.83.

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.