SG Americas Securities LLC Has $690,000 Position in Hexcel Co. (NYSE:HXL)

SG Americas Securities LLC lessened its position in Hexcel Co. (NYSE:HXL) by 61.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,161 shares of the aerospace company’s stock after selling 18,118 shares during the period. SG Americas Securities LLC’s holdings in Hexcel were worth $690,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in HXL. Summit Financial LLC grew its stake in Hexcel by 2.9% during the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after buying an additional 153 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Hexcel by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock valued at $542,000 after purchasing an additional 182 shares in the last quarter. Bleakley Financial Group LLC raised its position in Hexcel by 6.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock valued at $212,000 after purchasing an additional 187 shares during the last quarter. Centerpoint Advisors LLC boosted its stake in Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 223 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Hexcel by 34.8% during 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 during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HXL shares. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $65.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Truist Financial decreased their price target on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley dropped their price objective on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. 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 report on Monday, July 1st. Finally, BMO Capital Markets dropped their target price on Hexcel from $71.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.46.

Hexcel Stock Up 3.0 %

Shares of NYSE HXL opened at $60.47 on Monday. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. The stock has a market cap of $5.03 billion, a P/E ratio of 51.68, a P/E/G ratio of 1.38 and a beta of 1.29. The firm has a 50 day moving average price of $61.52 and a 200 day moving average price of $64.75.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business had revenue of $500.40 million during the quarter, compared to analysts’ expectations of $484.26 million. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that Hexcel Co. will post 2.05 EPS for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, August 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

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.