Hexcel Co. (NYSE:HXL) Holdings Increased by Sea Cliff Partners Management LP

Sea Cliff Partners Management LP boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 206.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 235,106 shares of the aerospace company’s stock after purchasing an additional 158,393 shares during the period. Hexcel comprises approximately 5.0% of Sea Cliff Partners Management LP’s holdings, making the stock its 11th largest position. Sea Cliff Partners Management LP’s holdings in Hexcel were worth $14,682,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HXL. AQR Capital Management LLC lifted its stake in Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after buying an additional 1,246,765 shares in the last quarter. Millennium Management LLC raised its stake in Hexcel by 307.1% during the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after buying an additional 814,402 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Hexcel by 215.5% in the second 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 in the last quarter. Ceredex Value Advisors LLC increased its position in shares of Hexcel by 280.7% during the second quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock worth $45,107,000 after acquiring an additional 532,550 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Hexcel by 114.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 436,321 shares of the aerospace company’s stock worth $31,786,000 after purchasing an additional 232,827 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of Hexcel stock opened at $61.49 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. Hexcel Co. has a fifty-two week low of $58.54 and a fifty-two week high of $77.09. The firm has a fifty day moving average price of $62.28 and a two-hundred day moving average price of $65.78. The company has a market cap of $5.03 billion, a PE ratio of 52.56, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.

Hexcel (NYSE:HXL) last announced its 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 business had revenue of $500.40 million during the quarter, compared to analysts’ expectations of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. Analysts expect that Hexcel Co. will post 2.08 EPS for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, August 2nd. Hexcel’s payout ratio is presently 51.28%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HXL shares. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. UBS Group decreased their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. Morgan Stanley cut their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Truist Financial dropped their price target on Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus decreased their price target on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.54.

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.