Transatlantique Private Wealth LLC Has $720,000 Stock Position in Hexcel Co. (NYSE:HXL)

Transatlantique Private Wealth LLC increased its position in shares of Hexcel Co. (NYSE:HXL) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,545 shares of the aerospace company’s stock after acquiring an additional 645 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Hexcel were worth $720,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after purchasing an additional 207,434 shares during the period. Trexquant Investment LP acquired a new position in Hexcel during the fourth quarter valued at $2,185,000. Evoke Wealth LLC purchased a new stake in Hexcel in the 4th quarter worth about $2,036,000. Silvercrest Asset Management Group LLC boosted its position in Hexcel by 32.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock worth $5,897,000 after acquiring an additional 19,736 shares during the period. Finally, Seven Eight Capital LP purchased a new position in Hexcel during the 1st quarter valued at about $1,109,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, July 1st. BMO Capital Markets decreased their target price 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. Morgan Stanley lowered their price target on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a report on Friday, June 28th. Finally, Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.54.

Hexcel Stock Down 0.3 %

Shares of Hexcel stock opened at $61.05 on Friday. Hexcel Co. has a 12-month low of $58.54 and a 12-month high of $77.09. The stock has a market capitalization of $5.07 billion, a P/E ratio of 52.18, a PEG ratio of 1.33 and a beta of 1.29. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $62.70 and a two-hundred day moving average price of $66.18.

Hexcel (NYSE:HXL) last posted its earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $500.40 million for the quarter, compared to analyst estimates of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. Hexcel’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Equities analysts expect 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. Hexcel’s dividend payout ratio is presently 51.28%.

Hexcel Company 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.