HighTower Advisors LLC Has $1.16 Million Stake in Hexcel Co. (NYSE:HXL)

HighTower Advisors LLC reduced its position in shares of Hexcel Co. (NYSE:HXL) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,730 shares of the aerospace company’s stock after selling 2,757 shares during the period. HighTower Advisors LLC’s holdings in Hexcel were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Summit Financial LLC lifted its holdings 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 last quarter. Huntington National Bank boosted its holdings in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the period. NBW Capital LLC grew its position in shares of Hexcel by 1.1% during the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after purchasing an additional 302 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Hexcel by 0.6% during the 2nd quarter. Fifth Third Bancorp now owns 52,574 shares of the aerospace company’s stock worth $3,283,000 after purchasing an additional 315 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of Hexcel stock opened at $64.54 on Tuesday. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market capitalization of $5.23 billion, a P/E ratio of 49.27, a P/E/G ratio of 1.96 and a beta of 1.30. The company’s 50 day moving average price is $61.74 and its two-hundred day moving average price is $62.69.

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

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Hexcel’s dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. UBS Group increased their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Truist Financial decreased their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.83.

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.