Strategic Wealth Partners Ltd. Acquires Shares of 18,190 Hexcel Co. (NYSE:HXL)

Strategic Wealth Partners Ltd. acquired a new stake in Hexcel Co. (NYSE:HXL) during the fourth quarter, HoldingsChannel reports. The firm acquired 18,190 shares of the aerospace company’s stock, valued at approximately $1,168,000.

A number of other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its stake in Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after purchasing an additional 202 shares during the period. Huntington National Bank increased its stake in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 204 shares during the period. Insigneo Advisory Services LLC increased its stake in Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company’s stock valued at $318,000 after purchasing an additional 218 shares during the period. Treasurer of the State of North Carolina increased its stake in Hexcel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock valued at $2,243,000 after purchasing an additional 220 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock valued at $2,728,000 after purchasing an additional 232 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HXL has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Barclays lowered their target price on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. BMO Capital Markets lowered their target price on shares of Hexcel from $72.00 to $52.00 and set a “market perform” rating on the stock in a report on Wednesday, April 23rd. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Finally, Royal Bank of Canada lowered their target price on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.20.

Hexcel Stock Up 1.1%

HXL stock opened at $54.65 on Monday. The company has a market cap of $4.39 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.72 and a beta of 1.28. Hexcel Co. has a 52 week low of $45.28 and a 52 week high of $72.24. The company’s 50-day moving average price is $52.85 and its 200 day moving average price is $59.60. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

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 the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The business had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $482.18 million. During the same period last year, the company earned $0.44 EPS. On average, research analysts expect that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 45.03%.

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.