Quantbot Technologies LP Acquires 58,212 Shares of Hexcel Co. (NYSE:HXL)

Quantbot Technologies LP boosted its holdings in shares of Hexcel Co. (NYSE:HXL) by 1,078.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,609 shares of the aerospace company’s stock after buying an additional 58,212 shares during the period. Quantbot Technologies LP owned approximately 0.08% of Hexcel worth $3,972,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Hexcel by 151.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after buying an additional 207,434 shares during the period. Trexquant Investment LP purchased a new stake in Hexcel during the fourth quarter valued at about $2,185,000. Evoke Wealth LLC purchased a new stake in Hexcel during the fourth quarter valued at about $2,036,000. Silvercrest Asset Management Group LLC raised its position in Hexcel by 32.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after purchasing an additional 19,736 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Hexcel during the first quarter valued at about $1,109,000. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 0.6 %

Shares of NYSE:HXL opened at $60.48 on Tuesday. Hexcel Co. has a 1 year low of $58.54 and a 1 year high of $77.09. The company has a market cap of $5.03 billion, a PE ratio of 51.69, a P/E/G ratio of 1.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The stock’s 50-day moving average is $63.05 and its 200 day moving average is $66.46.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The company had revenue of $500.40 million for the quarter, compared to the consensus estimate of $484.26 million. During the same quarter in the previous year, the business earned $0.50 EPS. Hexcel’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Hexcel Co. will post 2.08 EPS for the current year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.60 annualized dividend and a yield of 0.99%. Hexcel’s payout ratio is 51.28%.

Analysts Set New Price Targets

A number of research firms have weighed in on HXL. Truist Financial lowered their price target on Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets lowered their price target on Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Stifel Nicolaus decreased their price objective on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, UBS Group decreased their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.54.

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.