Numerai GP LLC Purchases 8,094 Shares of Hexcel Co. (NYSE:HXL)

Numerai GP LLC raised its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,293 shares of the aerospace company's stock after purchasing an additional 8,094 shares during the period. Numerai GP LLC's holdings in Hexcel were worth $1,586,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allworth Financial LP raised its position in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after purchasing an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel in the 4th quarter valued at about $49,000. Manchester Capital Management LLC boosted its position in shares of Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel during the fourth quarter worth approximately $57,000. Finally, Parvin Asset Management LLC bought a new stake in Hexcel in the fourth quarter worth approximately $66,000. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on HXL shares. BMO Capital Markets reduced their price objective on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Barclays reduced their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. TD Cowen upgraded shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Truist Financial cut their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.20.

Hexcel Stock Up 1.1%

NYSE HXL traded up $0.60 during trading hours on Friday, hitting $54.65. The company's stock had a trading volume of 857,300 shares, compared to its average volume of 961,782. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $72.78. The company has a market capitalization of $4.39 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The company's 50-day simple moving average is $52.85 and its two-hundred day simple moving average is $59.60.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The business had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same period in the previous year, the business posted $0.44 EPS. Research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a $0.17 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.24%. Hexcel's payout ratio is 45.03%.

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.