Beverly Hills Private Wealth LLC Acquires 9,154 Shares of Hexcel Co. (NYSE:HXL)

Beverly Hills Private Wealth LLC increased its holdings in shares of Hexcel Co. (NYSE:HXL) by 104.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,901 shares of the aerospace company’s stock after purchasing an additional 9,154 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Hexcel were worth $1,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HXL. O Shaughnessy Asset Management LLC lifted its stake in Hexcel by 2.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,294 shares of the aerospace company’s stock valued at $498,000 after buying an additional 144 shares in the last quarter. Inspire Investing LLC boosted its stake in Hexcel by 3.8% in the 2nd quarter. Inspire Investing LLC now owns 4,127 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 150 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Hexcel by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 44,406 shares of the aerospace company’s stock worth $2,297,000 after purchasing an additional 201 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Hexcel by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 22,259 shares of the aerospace company’s stock worth $1,151,000 after purchasing an additional 208 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Hexcel by 2.1% in the 1st quarter. Russell Investments Group Ltd. now owns 10,796 shares of the aerospace company’s stock valued at $737,000 after purchasing an additional 227 shares during the period. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of NYSE HXL opened at $66.80 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.03 and a quick ratio of 1.64. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.15 and a beta of 1.22. The stock’s fifty day moving average price is $65.82 and its two-hundred day moving average price is $70.10. Hexcel Co. has a one year low of $55.59 and a one year high of $79.08.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, October 24th. The aerospace company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). Hexcel had a net margin of 9.14% and a return on equity of 9.36%. The business had revenue of $419.50 million during the quarter, compared to analyst estimates of $427.06 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. On average, equities analysts forecast that Hexcel Co. will post 1.88 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.50 annualized dividend and a dividend yield of 0.75%. Hexcel’s dividend payout ratio is presently 26.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Vertical Research raised Hexcel from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, October 25th. UBS Group started coverage on Hexcel in a research report on Tuesday, October 10th. They set a “buy” rating and a $81.00 price target for the company. BMO Capital Markets lowered their price objective on shares of Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a report on Thursday, October 26th. Truist Financial reduced their target price on shares of Hexcel from $73.00 to $71.00 in a report on Wednesday, July 26th. Finally, StockNews.com began coverage on shares of Hexcel in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.33.

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.