Peak6 LLC Takes $236,000 Position in Hexcel Co. (NYSE:HXL)

Peak6 LLC bought a new stake in shares of Hexcel Co. (NYSE:HXL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,761 shares of the aerospace company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its stake in shares of Hexcel by 1.4% during the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after purchasing an additional 202 shares in the last quarter. Huntington National Bank boosted its holdings in Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after buying an additional 204 shares during the last quarter. GAMMA Investing LLC increased its stake in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after buying an additional 206 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Hexcel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock valued at $2,243,000 after acquiring an additional 220 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock valued at $2,728,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HXL. Wells Fargo & Company downgraded Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a report on Friday, April 11th. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Truist Financial dropped their target price on Hexcel from $80.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.40.

Hexcel Stock Performance

Shares of Hexcel stock opened at $50.60 on Tuesday. The firm has a market cap of $4.07 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $73.58. The business’s fifty day simple moving average is $56.97 and its 200-day simple moving average is $60.99.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period last year, the business earned $0.44 EPS. Equities analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.34%. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

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.