Hexcel Corporation (NYSE:HXL) Shares Bought by Oak Thistle LLC

Oak Thistle LLC increased its stake in shares of Hexcel Corporation (NYSE:HXL) by 18.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,651 shares of the aerospace company’s stock after purchasing an additional 3,482 shares during the period. Oak Thistle LLC’s holdings in Hexcel were worth $1,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Hexcel by 10.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company’s stock worth $285,000 after buying an additional 492 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hexcel by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company’s stock worth $10,223,000 after acquiring an additional 937 shares during the period. GAMMA Investing LLC increased its holdings in Hexcel by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 1,125 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hexcel during the 1st quarter worth approximately $281,000. Finally, Farther Finance Advisors LLC increased its position in Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after buying an additional 499 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Performance

NYSE:HXL opened at $62.63 on Thursday. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $71.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 2.59. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 2.05 and a beta of 1.28. The business’s fifty day moving average is $55.92 and its 200 day moving average is $57.64.

Hexcel (NYSE:HXL) last released its quarterly 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). Hexcel had a net margin of 6.60% and a return on equity of 10.36%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter last year, the firm earned $0.44 EPS. Research analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HXL. Wells Fargo & Company lowered their price target on Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Morgan Stanley upped their price objective on Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, July 17th. Truist Financial decreased their target price on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. BMO Capital Markets dropped their price target on Hexcel from $72.00 to $52.00 and set a “market perform” rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.22.

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.