Hexcel Co. (NYSE:HXL) Shares Sold by Orion Portfolio Solutions LLC

by · The Cerbat Gem

Orion Portfolio Solutions LLC lessened its stake in Hexcel Co. (NYSE:HXL – Free Report) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,767 shares of the aerospace company’s stock after selling 5,369 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Hexcel were worth $2,273,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HXL. Summit Financial LLC lifted its holdings in Hexcel by 2.9% in the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock valued at $335,000 after acquiring an additional 153 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 172 shares in the last quarter. Huntington National Bank lifted its stake in shares of Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the period. NBW Capital LLC boosted its holdings in Hexcel by 1.1% during the second quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after buying an additional 302 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Hexcel by 0.6% during the second quarter. Fifth Third Bancorp now owns 52,574 shares of the aerospace company’s stock valued at $3,283,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 1.2 %

Shares of NYSE HXL opened at $63.38 on Thursday. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The business’s 50 day moving average is $61.50 and its two-hundred day moving average is $62.84. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.94 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL – Get Free Report) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm 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 revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Research analysts predict that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

Analysts Set New Price Targets

HXL has been the subject of a number of analyst reports. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Truist Financial cut their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. UBS Group increased their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities 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, Hexcel has a consensus rating of “Hold” and a consensus price target of $70.83.

Read Our Latest Report on Hexcel

Hexcel Company Profile

(Free Report)

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.

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