OneDigital Investment Advisors LLC Has $273,000 Holdings in Hexcel Co. (NYSE:HXL)

OneDigital Investment Advisors LLC decreased its position in shares of Hexcel Co. (NYSE:HXL) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,420 shares of the aerospace company’s stock after selling 584 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Hexcel were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after buying an additional 1,246,765 shares during the last quarter. Millennium Management LLC raised its position in shares of Hexcel by 307.1% in the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after acquiring an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Hexcel by 215.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after purchasing an additional 590,975 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Hexcel by 280.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Hexcel by 151.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after purchasing an additional 207,434 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of NYSE:HXL opened at $61.20 on Friday. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.96 billion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. The stock’s fifty day simple moving average is $60.97 and its two-hundred day simple moving average is $63.66.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share 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 firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, analysts forecast that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s payout ratio is 45.80%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HXL. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their target price on Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.31.

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.