Whittier Trust Co. Increases Stake in Hexcel Co. (NYSE:HXL)

Whittier Trust Co. increased its position in shares of Hexcel Co. (NYSE:HXL) by 38.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490 shares of the aerospace company’s stock after buying an additional 417 shares during the period. Whittier Trust Co.’s holdings in Hexcel were worth $92,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hexcel by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after buying an additional 67,425 shares during the period. Earnest Partners LLC increased its stake in shares of Hexcel by 2.9% during the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock valued at $302,008,000 after buying an additional 136,290 shares during the period. AQR Capital Management LLC increased its stake in shares of Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after buying an additional 1,246,765 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hexcel by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after buying an additional 103,679 shares during the period. Finally, Sei Investments Co. grew its stake in Hexcel by 6.7% in the first quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock valued at $96,056,000 after purchasing an additional 82,473 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Up 0.2 %

Hexcel stock opened at $62.82 on Friday. The stock has a market capitalization of $5.22 billion, a PE ratio of 53.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The business has a 50 day simple moving average of $61.65 and a 200-day simple moving average of $64.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. On average, analysts anticipate that Hexcel Co. will post 2.05 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel’s payout ratio is 51.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Hexcel from $65.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Truist Financial decreased their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. UBS Group decreased their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Finally, Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.77.

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.