Quest Partners LLC Has $278,000 Position in Hexcel Co. (NYSE:HXL)

Quest Partners LLC grew its holdings in shares of Hexcel Co. (NYSE:HXL) by 25.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the aerospace company’s stock after acquiring an additional 900 shares during the period. Quest Partners LLC’s holdings in Hexcel were worth $278,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HXL. Fidelis Capital Partners LLC acquired a new stake in Hexcel during the 1st quarter worth about $36,000. Principal Securities Inc. bought a new position in shares of Hexcel during the 4th quarter worth about $51,000. Centerpoint Advisors LLC boosted its position in shares of Hexcel by 44.6% during the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 223 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Hexcel during the 1st quarter worth about $54,000. Finally, GAMMA Investing LLC boosted its position in shares of Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 276 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Stifel Nicolaus dropped their target price on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Truist Financial dropped their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets decreased their price target on shares of Hexcel from $73.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, July 19th. Finally, Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.54.

Hexcel Stock Down 0.8 %

Shares of NYSE HXL opened at $60.84 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The company has a market cap of $5.06 billion, a P/E ratio of 52.00, a PEG ratio of 1.33 and a beta of 1.29. Hexcel Co. has a 1 year low of $58.54 and a 1 year high of $77.09. The firm has a 50-day simple moving average of $63.13 and a two-hundred day simple moving average of $66.62.

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, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Research analysts anticipate that Hexcel Co. will post 2.08 earnings per share for the current year.

Hexcel Announces Dividend

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

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.