Thrivent Financial for Lutherans Raises Stock Holdings in Hexcel Co. (NYSE:HXL)

Thrivent Financial for Lutherans raised its stake in shares of Hexcel Co. (NYSE:HXL) by 11.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 233,305 shares of the aerospace company’s stock after purchasing an additional 24,776 shares during the period. Thrivent Financial for Lutherans’ holdings in Hexcel were worth $14,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Hexcel by 258.8% in the first quarter. Russell Investments Group Ltd. now owns 39,428 shares of the aerospace company’s stock worth $2,872,000 after acquiring an additional 28,439 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hexcel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after purchasing an additional 67,425 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Hexcel by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock valued at $542,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. lifted its position in Hexcel by 250.1% in the 1st quarter. Bessemer Group Inc. now owns 5,685 shares of the aerospace company’s stock worth $414,000 after buying an additional 4,061 shares during the last quarter. Finally, Capital World Investors boosted its stake in Hexcel by 16.4% in the first quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock worth $64,512,000 after buying an additional 124,900 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.3 %

NYSE:HXL opened at $58.60 on Thursday. The company has a 50-day moving average price of $61.00 and a 200-day moving average price of $63.75. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09.

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

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

Analyst Ratings Changes

HXL has been the topic of several research reports. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. BMO Capital Markets cut their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Truist Financial decreased their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Royal Bank of Canada cut Hexcel from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Finally, Wells Fargo & Company lifted their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average price target of $71.54.

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.