Atria Investments Inc Grows Position in Hexcel Co. (NYSE:HXL)

Atria Investments Inc boosted its position in shares of Hexcel Co. (NYSE:HXL) by 92.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,334 shares of the aerospace company’s stock after acquiring an additional 7,829 shares during the quarter. Atria Investments Inc’s holdings in Hexcel were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Hexcel during the third quarter worth about $56,000. Eastern Bank acquired a new stake in Hexcel during the 3rd quarter worth approximately $62,000. GAMMA Investing LLC grew its stake in shares of Hexcel by 34.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after purchasing an additional 276 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Hexcel by 38.9% in the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock valued at $92,000 after purchasing an additional 417 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Hexcel during the second quarter worth approximately $128,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, October 10th. Morgan Stanley lowered their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Finally, Royal Bank of Canada cut 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 report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.54.

Hexcel Trading Down 0.8 %

Shares of HXL stock opened at $59.53 on Monday. The stock has a market cap of $4.82 billion, a P/E ratio of 45.44, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The business has a fifty day simple moving average of $61.12 and a 200-day simple moving average of $63.92.

Hexcel (NYSE:HXL) last posted its earnings results 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same period last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s 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.