Barclays PLC Acquires 17,011 Shares of Hexcel Co. (NYSE:HXL)

Barclays PLC grew its stake in Hexcel Co. (NYSE:HXL) by 32.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,023 shares of the aerospace company’s stock after purchasing an additional 17,011 shares during the quarter. Barclays PLC’s holdings in Hexcel were worth $4,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Hexcel during the second quarter worth approximately $250,000. RiverPark Advisors LLC boosted its stake in Hexcel by 18.1% in the 2nd quarter. RiverPark Advisors LLC now owns 5,312 shares of the aerospace company’s stock valued at $332,000 after purchasing an additional 814 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hexcel by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,867 shares of the aerospace company’s stock valued at $1,116,000 after buying an additional 383 shares in the last quarter. Speece Thorson Capital Group Inc. lifted its holdings in shares of Hexcel by 19.5% during the second quarter. Speece Thorson Capital Group Inc. now owns 211,913 shares of the aerospace company’s stock worth $13,234,000 after buying an additional 34,605 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Hexcel by 46.6% in the second quarter. Principal Financial Group Inc. now owns 465,642 shares of the aerospace company’s stock valued at $29,079,000 after acquiring an additional 147,930 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on HXL shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price target on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. BMO Capital Markets lowered their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Truist Financial reduced their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Hexcel currently has an average rating of “Hold” and a consensus target price of $71.33.

Hexcel Price Performance

Shares of NYSE:HXL opened at $62.53 on Friday. The firm has a 50 day simple moving average of $61.99 and a 200 day simple moving average of $62.61. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 1.96 and a beta of 1.30. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

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

Hexcel Dividend Announcement

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