Kopion Asset Management LLC Boosts Holdings in Hexcel Co. (NYSE:HXL)

Kopion Asset Management LLC lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,960 shares of the aerospace company’s stock after buying an additional 9,861 shares during the quarter. Hexcel comprises 4.3% of Kopion Asset Management LLC’s portfolio, making the stock its 13th largest position. Kopion Asset Management LLC’s holdings in Hexcel were worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HXL. AQR Capital Management LLC boosted its position in shares of Hexcel by 277.9% during 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. Millennium Management LLC boosted its holdings in shares of Hexcel by 307.1% during the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock valued at $67,421,000 after buying an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Hexcel by 215.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after acquiring an additional 590,975 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hexcel by 36.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after acquiring an additional 425,402 shares during the period. Finally, Ceredex Value Advisors LLC lifted its position in Hexcel by 34.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after acquiring an additional 251,062 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Price Performance

Shares of Hexcel stock traded up $0.71 during trading hours on Wednesday, hitting $67.27. The company’s stock had a trading volume of 15,313 shares, compared to its average volume of 790,955. 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 Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The business has a 50 day moving average price of $62.55 and a two-hundred day moving average price of $62.46. The company has a market cap of $5.45 billion, a PE ratio of 51.35, a PEG ratio of 1.97 and a beta of 1.30.

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

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $68.00 to $74.00 in a research note on Thursday, December 19th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Truist Financial dropped their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Thursday, October 10th. Finally, BMO Capital Markets reduced their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

About Hexcel

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.