Clear Harbor Asset Management LLC Increases Holdings in Hexcel Co. (NYSE:HXL)

Clear Harbor Asset Management LLC boosted its position in Hexcel Co. (NYSE:HXL) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 125,460 shares of the aerospace company’s stock after purchasing an additional 1,315 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Hexcel were worth $7,866,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC lifted its position in Hexcel by 3.7% during the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after buying an additional 202 shares during the period. GAMMA Investing LLC lifted its position in Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. Huntington National Bank boosted its position in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the period. Finally, NBW Capital LLC raised its holdings in Hexcel by 1.1% in the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

HXL has been the subject of a number of research analyst reports. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Truist Financial dropped their price target 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. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $68.00 to $74.00 in a report on Thursday, December 19th. Finally, BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.33.

Hexcel Stock Down 0.7 %

Shares of NYSE HXL opened at $66.32 on Tuesday. The firm has a 50-day simple moving average of $63.07 and a two-hundred day simple moving average of $62.56. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. 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 company has a market cap of $5.37 billion, a P/E ratio of 50.63, a PEG ratio of 1.88 and a beta of 1.30.

Hexcel (NYSE:HXL) last released 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 return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same period last year, the business posted $0.38 EPS. Hexcel’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Company 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.