Victory Capital Management Inc. Has $973,000 Holdings in Hexcel Co. (NYSE:HXL)

Victory Capital Management Inc. trimmed its position in Hexcel Co. (NYSE:HXL) by 10.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,741 shares of the aerospace company’s stock after selling 1,877 shares during the period. Victory Capital Management Inc.’s holdings in Hexcel were worth $973,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Summit Financial LLC grew its position in Hexcel by 2.9% in the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after purchasing an additional 153 shares in the last quarter. GAMMA Investing LLC grew its position in Hexcel by 34.8% in 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. NBW Capital LLC grew its position in Hexcel by 1.1% in the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after purchasing an additional 302 shares in the last quarter. Fifth Third Bancorp grew its position in Hexcel by 0.6% in the 2nd quarter. Fifth Third Bancorp now owns 52,574 shares of the aerospace company’s stock worth $3,283,000 after purchasing an additional 315 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Hexcel by 3.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,492 shares of the aerospace company’s stock worth $586,000 after purchasing an additional 340 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Performance

NYSE HXL opened at $62.66 on Thursday. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a market capitalization of $5.08 billion, a PE ratio of 47.75, a P/E/G ratio of 1.94 and a beta of 1.30. The company’s 50 day simple moving average is $61.05 and its two-hundred day simple moving average is $63.40.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. Analysts predict that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were 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 was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HXL. Royal Bank of Canada downgraded shares of 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 report on Wednesday, August 14th. UBS Group increased their target price on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their target price on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.31.

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.