Hexcel Co. (NYSE:HXL) Short Interest Update

Hexcel Co. (NYSE:HXL) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 1,300,000 shares, a drop of 5.1% from the September 15th total of 1,370,000 shares. Based on an average daily volume of 748,600 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Hexcel

Hedge funds have recently bought and sold shares of the business. Raymond James & Associates increased its holdings in shares of Hexcel by 13.0% during the 3rd quarter. Raymond James & Associates now owns 110,521 shares of the aerospace company’s stock valued at $6,833,000 after acquiring an additional 12,704 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Hexcel by 18.3% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the aerospace company’s stock worth $356,000 after buying an additional 884 shares during the period. nVerses Capital LLC grew its stake in Hexcel by 28.6% in the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the aerospace company’s stock valued at $334,000 after buying an additional 1,200 shares during the last quarter. Kopion Asset Management LLC raised its holdings in Hexcel by 15.0% in the 3rd quarter. Kopion Asset Management LLC now owns 88,099 shares of the aerospace company’s stock worth $5,447,000 after acquiring an additional 11,460 shares during the period. Finally, Willis Investment Counsel lifted its position in Hexcel by 3.8% during the 3rd quarter. Willis Investment Counsel now owns 16,488 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 600 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Trading Up 0.8 %

NYSE:HXL opened at $62.72 on Friday. The company has a market capitalization of $5.21 billion, a P/E ratio of 53.61, a P/E/G ratio of 1.38 and a beta of 1.29. The stock’s 50 day moving average price is $61.54 and its 200 day moving average price is $64.49. 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 has a 52 week low of $57.50 and a 52 week high of $77.09.

Hexcel (NYSE:HXL) last announced its quarterly 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. The company had revenue of $500.40 million for the quarter, compared to analyst estimates of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. Hexcel’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS. On average, research analysts forecast that Hexcel will post 2.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on HXL. BMO Capital Markets reduced their price objective on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Stifel Nicolaus lowered their price objective on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Thursday, October 10th. Finally, Truist Financial lowered their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.08.

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.