Clear Harbor Asset Management LLC Acquires 1,315 Shares of Hexcel Co. (NYSE:HXL)

Clear Harbor Asset Management LLC lifted its position in shares of Hexcel Co. (NYSE:HXL) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,460 shares of the aerospace company’s stock after acquiring an additional 1,315 shares during the quarter. Clear Harbor Asset Management LLC owned approximately 0.15% of Hexcel worth $7,866,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Hexcel in the 3rd quarter valued at $30,000. Capital Performance Advisors LLP acquired a new stake in Hexcel in the 3rd quarter valued at approximately $56,000. First Horizon Advisors Inc. boosted its holdings in Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares during the last quarter. Huntington National Bank grew its holdings in shares of Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 225 shares in the last quarter. Finally, Eastern Bank bought a new position in Hexcel in the third quarter valued at approximately $62,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Down 0.7 %

HXL opened at $66.32 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market capitalization of $5.37 billion, a P/E ratio of 50.63, a PEG ratio of 1.88 and a beta of 1.30. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company’s 50-day moving average is $63.07 and its 200 day moving average is $62.56.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. BMO Capital Markets reduced their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada raised shares of Hexcel from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $74.00 in a research note on Thursday, December 19th. Finally, TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Hexcel presently has an average rating of “Hold” and an average target price of $71.33.

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.