20,747 Shares in Hexcel Co. (NYSE:HXL) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Hexcel Co. (NYSE:HXL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,747 shares of the aerospace company’s stock, valued at approximately $1,331,000.

A number of other hedge funds also recently bought and sold shares of the company. Governors Lane LP increased its holdings in shares of Hexcel by 60.1% in the 4th quarter. Governors Lane LP now owns 250,063 shares of the aerospace company’s stock valued at $18,442,000 after purchasing an additional 93,837 shares during the period. Speece Thorson Capital Group Inc. boosted its stake in shares of Hexcel by 71.6% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 179,670 shares of the aerospace company’s stock valued at $13,251,000 after buying an additional 74,957 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Hexcel by 4.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 282,893 shares of the aerospace company’s stock valued at $20,863,000 after acquiring an additional 12,362 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Hexcel by 18.0% in the fourth quarter. Wellington Management Group LLP now owns 730,078 shares of the aerospace company’s stock worth $53,843,000 after acquiring an additional 111,198 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hexcel by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 7,846,871 shares of the aerospace company’s stock worth $578,707,000 after acquiring an additional 27,850 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HXL shares. UBS Group cut their price target on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. Truist Financial decreased their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley cut their price target on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus decreased their price objective on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and a consensus price target of $73.46.

Hexcel Stock Performance

Shares of NYSE HXL opened at $58.70 on Friday. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a market cap of $4.88 billion, a P/E ratio of 50.17, a P/E/G ratio of 1.37 and a beta of 1.29. The business’s 50 day moving average is $61.55 and its two-hundred day moving average is $64.95. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last released its earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business had revenue of $500.40 million for the quarter, compared to the consensus estimate of $484.26 million. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Hexcel Co. will post 2.08 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, August 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

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.