Central Pacific Bank Trust Division Purchases New Stake in Hexcel Co. (NYSE:HXL)

Central Pacific Bank Trust Division purchased a new stake in Hexcel Co. (NYSE:HXL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,510 shares of the aerospace company’s stock, valued at approximately $155,000.

Other hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in Hexcel in the first quarter valued at approximately $36,000. Centerpoint Advisors LLC raised its stake in shares of Hexcel by 44.6% during the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 223 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Hexcel during the first quarter valued at approximately $54,000. GAMMA Investing LLC raised its stake in shares of Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after purchasing an additional 276 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Hexcel during the first quarter valued at approximately $119,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Hexcel stock opened at $60.28 on Friday. The company has a market cap of $5.01 billion, a PE ratio of 51.52, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a fifty day moving average price of $62.09 and a two-hundred day moving average price of $65.38. 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 Co. has a 12 month low of $58.54 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 EPS 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 firm had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Research analysts expect that Hexcel Co. will post 2.08 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, August 2nd. Hexcel’s dividend payout ratio is currently 51.28%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. UBS Group dropped their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hexcel from $65.00 to $62.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus decreased 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus target price of $74.00.

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.