Caprock Group LLC Decreases Holdings in Hexcel Co. (NYSE:HXL)

Caprock Group LLC cut its stake in shares of Hexcel Co. (NYSE:HXL) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,754 shares of the aerospace company’s stock after selling 416 shares during the period. Caprock Group LLC’s holdings in Hexcel were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HXL. O Shaughnessy Asset Management LLC raised its stake in 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 during the last quarter. Bessemer Group Inc. raised its stake in Hexcel by 250.1% during the 1st quarter. Bessemer Group Inc. now owns 5,685 shares of the aerospace company’s stock valued at $414,000 after buying an additional 4,061 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after buying an additional 207,434 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Hexcel by 32.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after buying an additional 19,736 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in Hexcel by 460.0% during the 1st quarter. Kennedy Capital Management LLC now owns 132,945 shares of the aerospace company’s stock valued at $9,685,000 after buying an additional 109,205 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Up 2.8 %

HXL opened at $61.19 on Friday. The firm has a 50-day simple moving average of $60.97 and a two-hundred day simple moving average of $63.61. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a market capitalization of $4.96 billion, a PE ratio of 46.71, a price-to-earnings-growth 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 (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS 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 business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is 45.80%.

Analyst Upgrades and Downgrades

HXL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday. Truist Financial reduced their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. UBS Group upped their price objective on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Finally, BMO Capital Markets reduced their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $71.31.

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.