Landscape Capital Management L.L.C. Invests $485,000 in Hexcel Co. (NYSE:HXL)

Landscape Capital Management L.L.C. purchased a new stake in Hexcel Co. (NYSE:HXL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,846 shares of the aerospace company’s stock, valued at approximately $485,000.

Several other hedge funds also recently added to or reduced their stakes in HXL. Intech Investment Management LLC lifted its position in shares of Hexcel by 928.7% during the 3rd quarter. Intech Investment Management LLC now owns 74,151 shares of the aerospace company’s stock worth $4,585,000 after buying an additional 66,943 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after acquiring an additional 63,730 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 326 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Hexcel by 5.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,251 shares of the aerospace company’s stock worth $6,446,000 after purchasing an additional 5,270 shares during the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of Hexcel by 56.0% during the third quarter. Prospera Financial Services Inc now owns 45,056 shares of the aerospace company’s stock worth $2,786,000 after purchasing an additional 16,170 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Performance

NYSE HXL opened at $61.19 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $60.97 and its two-hundred day moving average is $63.61. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 1.76 and a beta of 1.30. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09.

Hexcel (NYSE:HXL) last released 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 analysts’ expectations of $457.07 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. Hexcel’s revenue was up 8.9% compared to the same quarter last year. Research analysts expect that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group upped their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Thursday, October 10th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets decreased their price target on shares of 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, Truist Financial dropped their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Two equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $71.31.

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.