Versor Investments LP Invests $499,000 in Hexcel Co. (NYSE:HXL)

Versor Investments LP purchased 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 purchased 8,063 shares of the aerospace company’s stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Hexcel in the third quarter valued at $56,000. Eastern Bank acquired a new position in Hexcel during the third quarter valued at $62,000. GAMMA Investing LLC raised 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 valued at $67,000 after buying an additional 276 shares during the period. Whittier Trust Co. lifted its stake in Hexcel by 38.9% in the 3rd quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock worth $92,000 after acquiring an additional 417 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Hexcel during the 2nd quarter worth about $128,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Down 2.1 %

Shares of Hexcel stock opened at $60.01 on Friday. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $61.11 and a two-hundred day moving average price of $63.98. The stock has a market capitalization of $4.86 billion, a P/E ratio of 45.81, a PEG ratio of 1.81 and a beta of 1.30.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping 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 business had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts expect that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is currently 45.80%.

Analyst Upgrades and Downgrades

HXL has been the subject of a number of research analyst reports. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Wells Fargo & Company upped their price target 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. BMO Capital Markets reduced their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Finally, Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.54.

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.