Leeward Investments LLC MA Has $19.55 Million Stock Position in Hexcel Co. (NYSE:HXL)

Leeward Investments LLC MA raised its stake in Hexcel Co. (NYSE:HXL) by 32.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 316,150 shares of the aerospace company’s stock after buying an additional 77,092 shares during the quarter. Leeward Investments LLC MA owned about 0.39% of Hexcel worth $19,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Hexcel by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after acquiring an additional 67,425 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Hexcel by 2.9% in the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock valued at $302,008,000 after purchasing an additional 136,290 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after purchasing an additional 1,246,765 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hexcel by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock worth $87,829,000 after buying an additional 103,679 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Hexcel by 6.7% during the first quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock worth $96,056,000 after buying an additional 82,473 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Up 4.1 %

HXL stock opened at $62.42 on Thursday. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 47.65, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. The company has a fifty day moving average price of $61.22 and a two-hundred day moving average price of $64.08. 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 announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating 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 net margin of 5.73% and a return on equity of 9.99%. Hexcel’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS. Equities analysts anticipate that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hexcel from $64.00 to $63.00 and set a “hold” rating for the company in a report on Friday, November 1st. BMO Capital Markets lowered their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price objective on Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $71.54.

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.