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) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,190 shares of the aerospace company’s stock, valued at approximately $1,168,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Hexcel by 1.4% during the 4th 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 last quarter. Huntington National Bank boosted its position in shares of Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 204 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of Hexcel by 4.5% during the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 218 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Hexcel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock worth $2,243,000 after purchasing an additional 220 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Hexcel by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock worth $2,728,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of HXL opened at $54.65 on Monday. Hexcel Co. has a twelve month low of $45.28 and a twelve month high of $72.24. The firm’s fifty day simple moving average is $52.85 and its 200-day simple moving average is $59.60. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.72 and a beta of 1.28. 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 data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The firm had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts forecast that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.24%. Hexcel’s dividend payout ratio is currently 45.03%.

Wall Street Analyst Weigh In

HXL has been the subject of a number of research analyst reports. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. Truist Financial lowered their price objective 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. Wells Fargo & Company decreased their price target on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley decreased their price target on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.20.

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.