Numerai GP LLC Buys 8,094 Shares of Hexcel Co. (NYSE:HXL)

Numerai GP LLC boosted its stake in Hexcel Co. (NYSE:HXL) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,293 shares of the aerospace company’s stock after purchasing an additional 8,094 shares during the quarter. Numerai GP LLC’s holdings in Hexcel were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HXL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Hexcel in the 4th quarter worth $369,000. Lazard Asset Management LLC purchased a new position in Hexcel in the fourth quarter worth $146,000. Lighthouse Investment Partners LLC bought a new position in Hexcel in the fourth quarter valued at $4,076,000. Invenomic Capital Management LP purchased a new stake in Hexcel during the fourth quarter valued at about $3,911,000. Finally, Focus Partners Wealth lifted its stake in Hexcel by 17.9% during the fourth quarter. Focus Partners Wealth now owns 9,463 shares of the aerospace company’s stock worth $593,000 after purchasing an additional 1,437 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on HXL. Royal Bank of Canada reduced their price objective on Hexcel from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a research note on Sunday, April 27th. BMO Capital Markets decreased their price target on shares of Hexcel from $72.00 to $52.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Finally, TD Cowen raised shares of Hexcel to a “hold” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.20.

Hexcel Stock Down 1.0%

Shares of Hexcel stock opened at $53.50 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $73.24. The company’s 50 day moving average price is $53.03 and its 200-day moving average price is $59.76. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same period last year, the business earned $0.44 EPS. Equities research analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.27%. Hexcel’s dividend payout ratio is presently 45.03%.

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.