Blue Trust Inc. Has $356,000 Position in Hexcel Co. (NYSE:HXL)

Blue Trust Inc. lifted its stake in Hexcel Co. (NYSE:HXL) by 18.3% during the third quarter, HoldingsChannel reports. The fund owned 5,704 shares of the aerospace company’s stock after purchasing an additional 884 shares during the quarter. Blue Trust Inc.’s holdings in Hexcel were worth $356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Hexcel in the first quarter valued at about $36,000. Centerpoint Advisors LLC lifted its holdings 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Hexcel in the 1st quarter valued at approximately $54,000. GAMMA Investing LLC increased its holdings 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 buying an additional 276 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Hexcel during the first quarter valued at approximately $119,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Down 2.6 %

Shares of HXL stock opened at $62.70 on Thursday. Hexcel Co. has a 12 month low of $57.50 and a 12 month 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 $5.21 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. The stock has a 50 day moving average of $61.64 and a 200-day moving average of $64.29.

Hexcel (NYSE:HXL) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. On average, equities analysts predict that Hexcel Co. will post 2.05 EPS for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Wall Street Analyst Weigh In

Several analysts have commented on HXL shares. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. Truist Financial decreased their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus decreased their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company raised their price objective on Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hexcel has an average rating of “Hold” and an average price target of $71.77.

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.