Ingalls & Snyder LLC Has $24.67 Million Stake in Hexcel Co. (NYSE:HXL)

Ingalls & Snyder LLC decreased its position in shares of Hexcel Co. (NYSE:HXL) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 398,970 shares of the aerospace company’s stock after selling 1,717 shares during the quarter. Hexcel makes up approximately 1.0% of Ingalls & Snyder LLC’s portfolio, making the stock its 24th biggest position. Ingalls & Snyder LLC owned 0.49% of Hexcel worth $24,668,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HXL. Summit Financial LLC increased its stake in shares of Hexcel by 2.9% in the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock valued at $335,000 after buying an additional 153 shares during the period. Huntington National Bank increased its stake in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the period. GAMMA Investing LLC increased its stake in shares of Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after buying an additional 276 shares during the period. NBW Capital LLC boosted its position in shares of Hexcel by 1.1% during the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock valued at $1,702,000 after purchasing an additional 302 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Hexcel by 0.6% during the 2nd quarter. Fifth Third Bancorp now owns 52,574 shares of the aerospace company’s stock valued at $3,283,000 after purchasing an additional 315 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Down 0.5 %

NYSE:HXL traded down $0.31 during mid-day trading on Tuesday, reaching $63.69. 32,168 shares of the company’s stock traded hands, compared to its average volume of 861,631. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 48.84, a PEG ratio of 1.96 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. The company has a 50 day moving average price of $61.17 and a 200-day moving average price of $63.20.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, sell-side analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Analyst Ratings Changes

Several brokerages have issued reports on HXL. Truist Financial cut their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $70.58.

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.