Entropy Technologies LP Buys Shares of 13,836 Hexcel Co. (NYSE:HXL)

Entropy Technologies LP purchased a new stake in shares of Hexcel Co. (NYSE:HXL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,836 shares of the aerospace company’s stock, valued at approximately $855,000.

A number of other hedge funds have also recently modified their holdings of HXL. Capital Performance Advisors LLP acquired a new position in Hexcel in the 3rd quarter valued at about $56,000. Eastern Bank purchased a new stake in shares of Hexcel during the 3rd quarter valued at approximately $62,000. GAMMA Investing LLC lifted its holdings in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 276 shares during the last quarter. Whittier Trust Co. grew its position in Hexcel by 38.9% in the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock worth $92,000 after acquiring an additional 417 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Hexcel during the first quarter worth $119,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company increased their target price on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Thursday, October 10th. Finally, UBS Group boosted 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. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.54.

Hexcel Stock Up 0.1 %

Shares of NYSE HXL opened at $61.32 on Thursday. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The stock has a market cap of $4.97 billion, a P/E ratio of 46.81, a PEG ratio of 1.81 and a beta of 1.30. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $61.12 and its 200-day simple moving average is $64.00.

Hexcel (NYSE:HXL) last posted its quarterly earnings results 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 return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter last year, the company earned $0.38 EPS. Hexcel’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

Hexcel 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.