D. E. Shaw & Co. Inc. Has $54.03 Million Stock Position in Hexcel Co. (NYSE:HXL)

D. E. Shaw & Co. Inc. lifted its position in shares of Hexcel Co. (NYSE:HXL) by 215.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 865,235 shares of the aerospace company’s stock after purchasing an additional 590,975 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Hexcel were worth $54,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in Hexcel during the first quarter worth $36,000. 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 valued at $53,000 after acquiring an additional 223 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hexcel in the first quarter valued at about $54,000. GAMMA Investing LLC raised its position in Hexcel by 34.8% in the second 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. Finally, Assetmark Inc. lifted its stake in Hexcel by 24.3% during the fourth quarter. Assetmark Inc. now owns 1,497 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 293 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HXL has been the topic of several analyst reports. BMO Capital Markets lowered their price objective on Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, July 19th. Truist Financial cut their price objective on Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. UBS Group dropped their target price 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. Morgan Stanley reduced their price target on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a report on Friday, June 28th. 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, Hexcel currently has an average rating of “Hold” and an average target price of $74.54.

Hexcel Stock Performance

HXL stock opened at $61.84 on Friday. The company has a 50 day moving average price of $62.26 and a 200 day moving average price of $65.69. Hexcel Co. has a fifty-two week low of $58.54 and a fifty-two week high of $77.09. 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 stock has a market capitalization of $5.14 billion, a PE ratio of 52.85, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.

Hexcel (NYSE:HXL) last released its earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Analysts forecast that Hexcel Co. will post 2.08 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, August 2nd. Hexcel’s dividend payout ratio is 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.