Hexcel Co. (NYSE:HXL) Stock Holdings Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 115.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,141 shares of the aerospace company’s stock after buying an additional 13,495 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Hexcel were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in Hexcel during the first quarter valued at $36,000. Eastern Bank bought a new stake in shares of Hexcel during the 3rd quarter valued at about $62,000. GAMMA Investing LLC lifted its holdings in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 276 shares during the last quarter. Whittier Trust Co. boosted its stake in 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 acquiring an additional 417 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Hexcel during the first quarter valued at approximately $119,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HXL has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Vertical Research downgraded 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Truist Financial cut their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Hexcel currently has an average rating of “Hold” and an average price target of $71.54.

Hexcel Stock Performance

HXL opened at $59.95 on Wednesday. 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 company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. The business has a 50 day moving average price of $61.30 and a two-hundred day moving average price of $64.10. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Hexcel’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Research analysts predict that Hexcel Co. will post 2.04 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Hexcel’s dividend payout ratio is currently 45.80%.

About Hexcel

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.