1620 Investment Advisors Inc. Boosts Stock Position in Hexcel Co. (NYSE:HXL)

1620 Investment Advisors Inc. lifted its holdings in shares of Hexcel Co. (NYSE:HXL) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,618 shares of the aerospace company’s stock after buying an additional 567 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Hexcel were worth $162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new position in Hexcel during the first quarter valued at $36,000. Centerpoint Advisors LLC boosted its holdings in Hexcel by 44.6% in the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after buying an additional 223 shares during the last quarter. Eastern Bank purchased a new stake in Hexcel during the 3rd quarter worth approximately $62,000. GAMMA Investing LLC boosted 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 worth $67,000 after acquiring an additional 276 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of Hexcel by 38.9% during the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock worth $92,000 after purchasing an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of Hexcel stock opened at $60.51 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.55. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 46.19, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. The business has a 50-day moving average of $61.60 and a 200 day moving average of $64.14. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 5.73% and a return on equity of 9.99%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, sell-side analysts forecast that Hexcel Co. will post 2.07 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets lowered 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 report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $65.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada cut Hexcel from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. Finally, Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and a consensus target price of $71.46.

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.