Wilmington Savings Fund Society FSB Acquires 5,173 Shares of Hexcel Co. (NYSE:HXL)

Wilmington Savings Fund Society FSB boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,095 shares of the aerospace company’s stock after buying an additional 5,173 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Hexcel were worth $4,025,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after buying an additional 1,246,765 shares during the last quarter. Millennium Management LLC raised its stake in Hexcel by 307.1% in the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock valued at $67,421,000 after acquiring an additional 814,402 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after purchasing an additional 590,975 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Hexcel by 280.7% during the second quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in 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 purchasing an additional 425,402 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HXL shares. BMO Capital Markets lowered 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. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. UBS Group boosted their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Truist Financial reduced their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.83.

Hexcel Trading Up 0.8 %

Shares of HXL opened at $63.89 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 capitalization of $5.18 billion, a P/E ratio of 48.77, a P/E/G ratio of 1.96 and a beta of 1.30. 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 firm’s 50 day simple moving average is $61.58 and its 200 day simple moving average is $62.85.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter last year, the company posted $0.38 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

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.