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

Leeward Investments LLC MA increased its holdings in Hexcel Co. (NYSE:HXL) by 32.2% in the third quarter, Holdings Channel reports. The institutional investor owned 316,150 shares of the aerospace company’s stock after buying an additional 77,092 shares during the period. Leeward Investments LLC MA’s holdings in Hexcel were worth $19,548,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 increased its position in shares of Hexcel by 2.9% in the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock worth $302,008,000 after purchasing an additional 136,290 shares during the period. AQR Capital Management LLC raised its stake in 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 lifted its position in 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 purchasing an additional 103,679 shares during the period. Finally, Sei Investments Co. grew its stake in 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. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

Shares of HXL opened at $62.42 on Thursday. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 1.45 and a beta of 1.30. The stock has a 50 day moving average of $61.22 and a 200 day moving average of $64.08. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping 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 company had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter in the previous year, the firm posted $0.38 EPS. Hexcel’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on HXL. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Morgan Stanley reduced their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Truist Financial lowered their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.54.

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.