Hexcel Co. (NYSE:HXL) Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its holdings in shares of Hexcel Co. (NYSE:HXL) by 19.2% in the second quarter, HoldingsChannel reports. The firm owned 3,592 shares of the aerospace company’s stock after buying an additional 579 shares during the period. Transcend Capital Advisors LLC’s holdings in Hexcel were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after buying an additional 207,434 shares during the last quarter. Trexquant Investment LP acquired a new position in Hexcel in the fourth quarter valued at approximately $2,185,000. Sequoia Financial Advisors LLC purchased a new stake in Hexcel in the 4th quarter worth approximately $2,362,000. Evoke Wealth LLC acquired a new stake in shares of Hexcel during the 4th quarter worth approximately $2,036,000. Finally, Ceredex Value Advisors LLC grew its stake in shares of Hexcel by 16.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock worth $16,019,000 after purchasing an additional 30,652 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $76.00 price target on shares of Hexcel in a report on Friday, June 14th. Truist Financial dropped 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. Bank of America restated an “underperform” rating and issued a $65.00 price objective (down from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Wells Fargo & Company upgraded shares of Hexcel from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $81.00 to $95.00 in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group raised their price objective on Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus price target of $75.71.

Hexcel Trading Down 2.7 %

Shares of NYSE:HXL traded down $1.68 during midday trading on Monday, reaching $60.53. 368,066 shares of the company’s stock were exchanged, compared to its average volume of 940,492. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 1.40 and a beta of 1.28. Hexcel Co. has a fifty-two week low of $58.81 and a fifty-two week high of $77.09. The firm’s 50 day simple moving average is $65.09 and its two-hundred day simple moving average is $68.48. 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 (NYSE:HXL) last announced its earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $500.40 million during the quarter, compared to analyst estimates of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. Hexcel’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. As a group, sell-side analysts forecast that Hexcel Co. will post 2.09 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, August 2nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, August 2nd. Hexcel’s payout ratio is 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.