Inspire Investing LLC Purchases 685 Shares of Hexcel Co. (NYSE:HXL)

Inspire Investing LLC lifted its holdings in Hexcel Co. (NYSE:HXL) by 14.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,584 shares of the aerospace company’s stock after purchasing an additional 685 shares during the period. Inspire Investing LLC’s holdings in Hexcel were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HXL. Fidelis Capital Partners LLC purchased a new position in Hexcel during the first quarter valued at approximately $36,000. Centerpoint Advisors LLC lifted its stake 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 buying an additional 223 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hexcel in the 1st quarter worth $54,000. GAMMA Investing LLC increased its stake 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 buying an additional 276 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Hexcel by 24.3% in the fourth quarter. Assetmark Inc. now owns 1,497 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Up 1.8 %

HXL stock opened at $62.22 on Tuesday. Hexcel Co. has a 52-week low of $58.54 and a 52-week high of $77.09. 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 firm has a market cap of $5.17 billion, a P/E ratio of 53.18, a PEG ratio of 1.33 and a beta of 1.29. The company’s 50-day simple moving average is $62.59 and its 200-day simple moving average is $65.94.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $500.40 million for 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%. Hexcel’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. As a group, equities analysts forecast that Hexcel Co. will post 2.08 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, August 2nd. Hexcel’s payout ratio is 51.28%.

Analyst Upgrades and Downgrades

HXL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Morgan Stanley cut their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd. UBS Group decreased their price target on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. BMO Capital Markets cut their price objective on Hexcel from $73.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, July 19th. Finally, Truist Financial decreased their target price on Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.54.

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.