Weybosset Research & Management LLC Grows Position in Hexcel Co. (NYSE:HXL)

Weybosset Research & Management LLC grew its stake in Hexcel Co. (NYSE:HXL) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,676 shares of the aerospace company’s stock after buying an additional 692 shares during the period. Hexcel accounts for 3.7% of Weybosset Research & Management LLC’s holdings, making the stock its 12th biggest position. Weybosset Research & Management LLC’s holdings in Hexcel were worth $11,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Speece Thorson Capital Group Inc. lifted its position in Hexcel by 15.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after acquiring an additional 32,960 shares during the period. Barclays PLC increased its holdings in Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after buying an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Hexcel by 12.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after buying an additional 63,730 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Hexcel by 215.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after acquiring an additional 590,975 shares during the period. Finally, FMR LLC boosted its holdings in shares of Hexcel by 11.7% in the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after acquiring an additional 8,135 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports 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 reduced their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Wells Fargo & Company upped their price objective on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, BMO Capital Markets dropped their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Hexcel has an average rating of “Hold” and an average target price of $71.33.

Hexcel Price Performance

Shares of NYSE:HXL traded down $0.04 during midday trading on Friday, hitting $64.79. The company’s stock had a trading volume of 226,515 shares, compared to its average volume of 771,841. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a market cap of $5.25 billion, a P/E ratio of 49.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The business’s 50 day simple moving average is $62.29 and its 200 day simple moving average is $62.44.

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

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Hexcel’s dividend payout ratio is currently 45.80%.

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.