Hexcel Co. (NYSE:HXL) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its position in Hexcel Co. (NYSE:HXL) by 19.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,682 shares of the aerospace company’s stock after acquiring an additional 1,098 shares during the quarter. Inspire Investing LLC’s holdings in Hexcel were worth $413,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Summit Financial LLC boosted its stake in Hexcel by 2.9% during the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after purchasing an additional 153 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Hexcel by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock worth $542,000 after buying an additional 182 shares during the last quarter. Bleakley Financial Group LLC increased its position in Hexcel by 6.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock valued at $212,000 after acquiring an additional 187 shares during the period. Centerpoint Advisors LLC increased its position in Hexcel by 44.6% in the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 223 shares during the period. Finally, GAMMA Investing LLC lifted its position in 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 acquiring an additional 276 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus cut their price objective on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Morgan Stanley cut their price target on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Finally, UBS Group lowered their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.46.

Hexcel Stock Performance

NYSE HXL opened at $61.92 on Thursday. The business has a 50 day moving average price of $61.52 and a 200 day moving average price of $64.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The company has a market capitalization of $5.15 billion, a P/E ratio of 52.92, a PEG ratio of 1.38 and a beta of 1.29. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. Sell-side analysts expect that Hexcel Co. will post 2.05 EPS for the current fiscal year.

About Hexcel

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.