Ceredex Value Advisors LLC Boosts Position in Hexcel Co. (NYSE:HXL)

Ceredex Value Advisors LLC lifted its holdings in Hexcel Co. (NYSE:HXL) by 34.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 973,352 shares of the aerospace company’s stock after buying an additional 251,062 shares during the quarter. Hexcel comprises approximately 1.2% of Ceredex Value Advisors LLC’s portfolio, making the stock its 22nd largest holding. Ceredex Value Advisors LLC’s holdings in Hexcel were worth $60,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Hexcel by 151.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after purchasing an additional 207,434 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in Hexcel by 32.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after acquiring an additional 19,736 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Hexcel during the first quarter worth $1,109,000. Capital World Investors boosted its stake in shares of Hexcel by 16.4% in the first quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock valued at $64,512,000 after purchasing an additional 124,900 shares during the period. Finally, Sei Investments Co. increased its stake in Hexcel by 6.7% during the 1st quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock worth $96,056,000 after buying an additional 82,473 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Up 0.3 %

NYSE HXL opened at $58.86 on Friday. The firm’s 50 day moving average price is $61.40 and its two-hundred day moving average price is $64.09. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.44 and a beta of 1.29. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts anticipate that Hexcel Co. will post 2.04 EPS for the current year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. Hexcel’s payout ratio is 45.80%.

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets cut their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.54.

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.