Hexcel Co. (NYSE:HXL) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of Hexcel Co. (NYSE:HXL) by 40.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,896 shares of the aerospace company’s stock after selling 25,713 shares during the period. Quantbot Technologies LP’s holdings in Hexcel were worth $2,343,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Hexcel in the 3rd quarter worth $56,000. First Horizon Advisors Inc. increased its stake in Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares during the last quarter. Huntington National Bank raised its holdings in shares of Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the period. Eastern Bank acquired a new position in shares of Hexcel in the 3rd quarter valued at about $62,000. Finally, GAMMA Investing LLC grew its holdings in shares of Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $62.66 on Friday. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 1.94 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $61.09 and its two-hundred day moving average is $63.40. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09.

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

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HXL shares. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Thursday, October 10th. Truist Financial reduced their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Wells Fargo & Company upped their price target on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets cut their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus price target of $70.58.

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.