Hexcel Co. (NYSE:HXL) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lessened its holdings in shares of Hexcel Co. (NYSE:HXL) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,421 shares of the aerospace company’s stock after selling 4,993 shares during the quarter. Pathstone Holdings LLC owned 0.05% of Hexcel worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quest Partners LLC grew its position in shares of Hexcel by 166.9% during the third quarter. Quest Partners LLC now owns 11,888 shares of the aerospace company’s stock worth $735,000 after buying an additional 7,434 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Hexcel by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 233,305 shares of the aerospace company’s stock worth $14,425,000 after acquiring an additional 24,776 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of Hexcel by 26.0% in the 3rd quarter. RiverPark Advisors LLC now owns 6,693 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 1,381 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Hexcel by 21.7% during the third quarter. Natixis Advisors LLC now owns 196,229 shares of the aerospace company’s stock worth $12,133,000 after purchasing an additional 35,022 shares during the last quarter. Finally, ING Groep NV acquired a new position in Hexcel in the third quarter worth about $1,125,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group raised their price objective on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered shares of 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 report on Wednesday, August 14th. BMO Capital Markets dropped their price target 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. Wells Fargo & Company lifted their price objective on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.31.

Hexcel Stock Up 2.4 %

HXL opened at $62.64 on Tuesday. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 47.82, a PEG ratio of 1.89 and a beta of 1.30. The firm’s 50-day simple moving average is $61.02 and its 200-day simple moving average is $63.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last released 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. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same period in the prior year, the company earned $0.38 EPS. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Hexcel’s payout ratio is 45.80%.

Hexcel Company 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.