Hexcel Co. (NYSE:HXL) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its holdings in Hexcel Co. (NYSE:HXL) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,756 shares of the aerospace company’s stock after purchasing an additional 16,433 shares during the quarter. Natixis Advisors L.P. owned about 0.20% of Hexcel worth $12,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co boosted its holdings in Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 179 shares in the last quarter. Cetera Trust Company N.A acquired a new position in Hexcel during the 4th quarter valued at approximately $30,000. RiverPark Advisors LLC purchased a new position in shares of Hexcel in the third quarter worth $41,000. GAMMA Investing LLC purchased a new position in Hexcel in the 4th quarter worth $53,000. Finally, Bleakley Financial Group LLC acquired a new stake in Hexcel during the 4th quarter worth about $201,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reduced their price objective on Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $71.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, April 30th. BMO Capital Markets upped their price target on shares of Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Finally, Truist Financial reduced their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.57.

Hexcel Stock Performance

NYSE HXL opened at $71.18 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08. The stock has a 50-day moving average of $69.58 and a 200 day moving average of $69.50. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 60.84, a PEG ratio of 1.39 and a beta of 1.25.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. Sell-side analysts anticipate that Hexcel Co. will post 2.22 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Hexcel’s dividend payout ratio is currently 51.28%.

Insider Buying and Selling

In other news, Director Catherine A. Suever acquired 400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the purchase, the director now owns 15,748 shares in the company, valued at $1,076,060.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Catherine A. Suever purchased 400 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $68.33 per share, with a total value of $27,332.00. Following the completion of the purchase, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gina Fitzsimons sold 864 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the transaction, the insider now directly owns 3,375 shares of the company’s stock, valued at $243,337.50. The disclosure for this sale can be found here. Insiders purchased a total of 43,400 shares of company stock worth $2,820,322 in the last 90 days. Insiders own 1.85% of the company’s stock.

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.