68,092 Shares in Hexcel Co. (NYSE:HXL) Bought by VeriStar Capital Management LP

VeriStar Capital Management LP purchased a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 68,092 shares of the aerospace company's stock, valued at approximately $4,269,000. Hexcel comprises approximately 7.2% of VeriStar Capital Management LP's investment portfolio, making the stock its 8th largest holding. VeriStar Capital Management LP owned 0.08% of Hexcel as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its position in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock valued at $926,000 after purchasing an additional 202 shares during the last quarter. Huntington National Bank lifted its position in Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after buying an additional 204 shares in the last quarter. GAMMA Investing LLC grew its holdings in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Insigneo Advisory Services LLC increased its position in Hexcel by 4.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after acquiring an additional 218 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Hexcel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Up 1.5 %

Shares of HXL stock traded up $0.72 on Thursday, reaching $49.19. The company had a trading volume of 522,826 shares, compared to its average volume of 1,232,199. The stock has a market cap of $3.96 billion, a PE ratio of 30.94, a PEG ratio of 1.72 and a beta of 1.08. The company has a 50-day moving average of $54.82 and a 200-day moving average of $60.48. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last posted its 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). The firm had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter last year, the business posted $0.44 earnings per share. On average, equities analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. Hexcel's dividend payout ratio (DPR) is currently 45.03%.

Wall Street Analyst Weigh In

HXL has been the subject of a number of research reports. Barclays lowered 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. Royal Bank of Canada lowered their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Truist Financial cut their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. Finally, StockNews.com cut Hexcel from a "buy" rating to a "hold" rating in a report on Sunday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hexcel presently has a consensus rating of "Hold" and an average price target of $61.20.

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.