3,214 Shares in Hexcel Co. (NYSE:HXL) Bought by IFG Advisory LLC

IFG Advisory LLC acquired a new stake in shares of Hexcel Co. (NYSE:HXL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,214 shares of the aerospace company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of Hexcel in the 1st quarter worth approximately $36,000. Principal Securities Inc. purchased a new position in Hexcel in the fourth quarter worth $51,000. Centerpoint Advisors LLC grew its holdings in Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 223 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Hexcel during the first quarter worth $54,000. Finally, Arcadia Investment Management Corp MI lifted its holdings in shares of Hexcel by 41.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 908 shares of the aerospace company’s stock valued at $67,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HXL. UBS Group reduced their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, July 1st. BMO Capital Markets cut 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 Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Wells Fargo & Company upgraded shares of Hexcel from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $81.00 to $95.00 in a research note on Wednesday, May 8th. Finally, Truist Financial lowered their price objective on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, eight have given 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 a consensus target price of $74.54.

Hexcel Price Performance

Shares of HXL opened at $63.29 on Tuesday. The business’s 50-day moving average is $63.65 and its two-hundred day moving average is $67.39. The company has a market capitalization of $5.17 billion, a P/E ratio of 54.09, a P/E/G ratio of 1.38 and a beta of 1.28. Hexcel Co. has a fifty-two week low of $58.81 and a fifty-two week high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75.

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

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, August 2nd. Hexcel’s dividend payout ratio is currently 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.