Fisher Asset Management LLC Buys 7,626 Shares of Hexcel Co. (NYSE:HXL)

Fisher Asset Management LLC boosted its stake in Hexcel Co. (NYSE:HXL) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,441 shares of the aerospace company’s stock after purchasing an additional 7,626 shares during the quarter. Fisher Asset Management LLC owned approximately 0.11% of Hexcel worth $5,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Hexcel during the 3rd quarter valued at about $56,000. First Horizon Advisors Inc. boosted 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 valued at $58,000 after acquiring an additional 326 shares during the last quarter. Huntington National Bank boosted its position in shares of Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 225 shares during the last quarter. Eastern Bank bought a new stake in shares of Hexcel during the 3rd quarter valued at about $62,000. Finally, GAMMA Investing LLC boosted its position in shares of Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of Hexcel stock opened at $62.66 on Friday. 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 business’s 50 day simple moving average is $61.09 and its two-hundred day simple moving average is $63.40. The stock has a market capitalization of $5.08 billion, a P/E ratio of 47.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

Analyst Upgrades and Downgrades

HXL has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. UBS Group lifted their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus price target of $70.58.

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.