Natixis Advisors LLC Raises Stake in Hexcel Co. (NYSE:HXL)

Natixis Advisors LLC lifted its position in Hexcel Co. (NYSE:HXL) by 21.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,229 shares of the aerospace company’s stock after purchasing an additional 35,022 shares during the period. Natixis Advisors LLC owned about 0.24% of Hexcel worth $12,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Hexcel in the 3rd quarter worth $56,000. Huntington National Bank grew its position in shares of Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares in the last quarter. Eastern Bank bought a new stake in Hexcel during the 3rd quarter valued at approximately $62,000. GAMMA Investing LLC boosted 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 purchasing an additional 276 shares during the period. Finally, Whittier Trust Co. grew its holdings in Hexcel by 38.9% during the 3rd quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock valued at $92,000 after buying an additional 417 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

Hexcel stock opened at $58.60 on Thursday. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The company’s 50-day moving average is $61.00 and its 200 day moving average is $63.75. The firm has a market capitalization of $4.75 billion, a P/E ratio of 44.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the company posted $0.38 EPS. Hexcel’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. Hexcel’s payout ratio is 45.80%.

Wall Street Analyst Weigh In

HXL has been the topic of several research analyst reports. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report 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 on the stock in a research note on Monday, October 28th. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Finally, UBS Group lifted their price objective on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.54.

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.