Hexcel Co. (NYSE:HXL) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its holdings in Hexcel Co. (NYSE:HXL) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,462 shares of the aerospace company’s stock after acquiring an additional 375 shares during the quarter. Assetmark Inc.’s holdings in Hexcel were worth $152,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HXL. Summit Financial LLC increased its position in shares of Hexcel by 2.9% during the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock valued at $335,000 after purchasing an additional 153 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Hexcel by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock valued at $542,000 after purchasing an additional 182 shares during the period. Bleakley Financial Group LLC increased its position in shares of Hexcel by 6.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock valued at $212,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC increased 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 valued at $67,000 after purchasing an additional 276 shares during the period. Finally, NBW Capital LLC increased its position in shares of Hexcel by 1.1% during the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock valued at $1,702,000 after purchasing an additional 302 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Wells Fargo & Company raised their price objective on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Morgan Stanley reduced their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.54.

Hexcel Stock Performance

Shares of Hexcel stock opened at $59.53 on Monday. The stock has a market cap of $4.82 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The business has a fifty day simple moving average of $61.12 and a 200-day simple moving average of $63.92. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate 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 9.99% and a net margin of 5.73%. Hexcel’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. On average, sell-side analysts anticipate that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. Hexcel’s payout ratio is 45.80%.

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.