Hexcel Co. (NYSE:HXL) Shares Purchased by Seven Eight Capital LP

Seven Eight Capital LP raised its holdings in Hexcel Co. (NYSE:HXL) by 82.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,775 shares of the aerospace company’s stock after acquiring an additional 12,558 shares during the quarter. Seven Eight Capital LP’s holdings in Hexcel were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Hsbc Holdings PLC raised its holdings in shares of Hexcel by 779.8% in the 2nd quarter. Hsbc Holdings PLC now owns 39,776 shares of the aerospace company’s stock worth $2,510,000 after purchasing an additional 35,255 shares in the last quarter. Renaissance Technologies LLC grew its position in Hexcel by 155.6% in the second quarter. Renaissance Technologies LLC now owns 231,300 shares of the aerospace company’s stock worth $14,445,000 after buying an additional 140,800 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Hexcel by 1,078.6% in the second quarter. Quantbot Technologies LP now owns 63,609 shares of the aerospace company’s stock valued at $3,972,000 after buying an additional 58,212 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after acquiring an additional 103,679 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Hexcel by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 760,899 shares of the aerospace company’s stock worth $47,518,000 after acquiring an additional 9,367 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

HXL has been the topic of a number of recent analyst reports. UBS Group cut their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, July 1st. BMO Capital Markets cut their price objective on Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, July 19th. Truist Financial reduced their price objective on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley dropped their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Finally, Stifel Nicolaus reduced their price target on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. 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 presently has an average rating of “Hold” and a consensus target price of $74.54.

Hexcel Stock Down 0.3 %

Hexcel stock opened at $60.49 on Thursday. Hexcel Co. has a twelve month low of $58.54 and a twelve month high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. The firm has a market cap of $5.03 billion, a PE ratio of 51.70, a P/E/G ratio of 1.33 and a beta of 1.29. The firm’s 50 day moving average price is $62.98 and its two-hundred day moving average price is $66.36.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business had revenue of $500.40 million for the quarter, compared to the consensus estimate of $484.26 million. During the same period in the prior year, the business posted $0.50 earnings per share. Hexcel’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts predict that Hexcel Co. will post 2.08 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. Hexcel’s payout ratio is 51.28%.

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.