Thrivent Financial for Lutherans Buys 161 Shares of Hexcel Co. (NYSE:HXL)

Thrivent Financial for Lutherans increased its holdings in shares of Hexcel Co. (NYSE:HXL – Get Rating) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,420 shares of the aerospace company’s stock after buying an additional 161 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hexcel were worth $1,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Hexcel by 140.2% during the 3rd quarter. Bessemer Group Inc. now owns 502 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Hexcel by 173.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 545 shares of the aerospace company’s stock worth $28,000 after buying an additional 346 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Hexcel by 166.7% during the 4th quarter. Addison Advisors LLC now owns 800 shares of the aerospace company’s stock worth $47,000 after buying an additional 500 shares during the last quarter. Huntington National Bank lifted its position in shares of Hexcel by 858.4% during the 3rd quarter. Huntington National Bank now owns 968 shares of the aerospace company’s stock worth $50,000 after buying an additional 867 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Hexcel by 72.7% during the 4th quarter. CWM LLC now owns 1,107 shares of the aerospace company’s stock worth $65,000 after buying an additional 466 shares during the last quarter. 97.87% of the stock is currently owned by institutional investors.

Hexcel Trading Down 0.5 %

Shares of HXL stock opened at $72.00 on Monday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 40.68 and a beta of 1.23. The stock has a 50-day moving average of $69.41 and a 200-day moving average of $65.62. The company has a current ratio of 2.78, a quick ratio of 1.56 and a debt-to-equity ratio of 0.47. Hexcel Co. has a 1-year low of $47.38 and a 1-year high of $75.47.

Hexcel (NYSE:HXL – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.12. The company had revenue of $457.70 million during the quarter, compared to analysts’ expectations of $431.53 million. Hexcel had a return on equity of 8.73% and a net margin of 9.19%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, equities research analysts forecast that Hexcel Co. will post 1.88 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Friday, May 5th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.50 annualized dividend and a yield of 0.69%. Hexcel’s dividend payout ratio is currently 28.25%.

Insider Buying and Selling

In related news, insider Thierry Merlot sold 565 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $70.91, for a total transaction of $40,064.15. Following the completion of the sale, the insider now owns 38,010 shares of the company’s stock, valued at $2,695,289.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hexcel news, Director Marilyn Minus sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $71.31, for a total value of $49,917.00. Following the completion of the sale, the director now owns 3,672 shares of the company’s stock, valued at $261,850.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thierry Merlot sold 565 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $70.91, for a total value of $40,064.15. Following the completion of the sale, the insider now directly owns 38,010 shares of the company’s stock, valued at approximately $2,695,289.10. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on HXL. TheStreet upgraded Hexcel from a “c+” rating to a “b” rating in a research report on Thursday, January 26th. Royal Bank of Canada increased their target price on Hexcel from $65.00 to $70.00 in a research report on Wednesday, April 26th. Bank of America downgraded Hexcel from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $70.00 in a research report on Friday, February 3rd. Jefferies Financial Group increased their target price on Hexcel from $60.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 30th. Finally, Truist Financial increased their target price on Hexcel from $59.00 to $68.00 in a research report on Wednesday, April 26th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.00.

Hexcel Company Profile

(Get Rating)

Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It operates through the Composite Materials and Engineered Products segments. The Composite Materials segment includes carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles.