Entropy Technologies LP Makes New $855,000 Investment in Hexcel Co. (NYSE:HXL)

Entropy Technologies LP bought a new stake in Hexcel Co. (NYSE:HXL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 the stock. Capital Performance Advisors LLP acquired a new position in Hexcel in the third quarter valued at $56,000. Eastern Bank acquired a new stake in shares of Hexcel in the 3rd quarter valued at about $62,000. GAMMA Investing LLC increased its position in Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after buying an additional 276 shares during the period. Whittier Trust Co. lifted its stake in Hexcel by 38.9% in the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock valued at $92,000 after buying an additional 417 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Hexcel in the first quarter valued at approximately $119,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Truist Financial decreased their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, October 10th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley dropped their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.54.

Hexcel Stock Performance

Shares of HXL stock opened at $61.32 on Thursday. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The stock has a market cap of $4.97 billion, a PE ratio of 46.81, a P/E/G ratio of 1.81 and a beta of 1.30. The stock has a fifty day moving average price of $61.12 and a 200 day moving average price of $64.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Sell-side analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. Hexcel’s dividend payout ratio is currently 45.80%.

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.