Hexcel Co. (NYSE:HXL) Shares Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its holdings in shares of Hexcel Co. (NYSE:HXL) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,145 shares of the aerospace company’s stock after buying an additional 2,485 shares during the quarter. Clear Harbor Asset Management LLC owned approximately 0.15% of Hexcel worth $7,676,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new position in shares of Hexcel during the 1st quarter worth approximately $36,000. Centerpoint Advisors LLC raised its stake in shares of Hexcel by 44.6% during the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after buying an additional 223 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Hexcel during the 1st quarter worth approximately $54,000. Eastern Bank acquired a new position in shares of Hexcel during the 3rd quarter worth approximately $62,000. Finally, GAMMA Investing LLC increased its position in shares of Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 276 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HXL has been the subject of several research reports. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group boosted their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial dropped their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Stifel Nicolaus dropped their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.62.

Hexcel Stock Down 0.5 %

Hexcel stock opened at $62.53 on Friday. The company has a market capitalization of $5.06 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.76. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The firm has a 50 day moving average price of $61.65 and a 200 day moving average price of $64.16.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts expect that Hexcel Co. will post 2.07 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

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.