Strategic Wealth Partners Ltd. Buys New Stake in Hexcel Co. (NYSE:HXL)

Strategic Wealth Partners Ltd. acquired a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,190 shares of the aerospace company's stock, valued at approximately $1,168,000.

Several other hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. grew its stake 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 valued at $926,000 after purchasing an additional 202 shares during the period. Huntington National Bank boosted its holdings in shares of Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after buying an additional 204 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in Hexcel by 4.5% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after buying an additional 218 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Hexcel by 0.6% during 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 buying an additional 220 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock worth $2,728,000 after acquiring an additional 232 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HXL has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Wall Street Zen downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Royal Bank of Canada cut their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets reduced their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Price Performance

HXL traded up $0.17 during trading on Thursday, reaching $52.06. 837,903 shares of the company traded hands, compared to its average volume of 963,507. The company has a market cap of $4.19 billion, a P/E ratio of 32.74, a PEG ratio of 1.72 and a beta of 1.28. 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 12-month low of $45.28 and a 12-month high of $71.72. The firm has a fifty day simple moving average of $52.68 and a 200 day simple moving average of $59.48.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same period in the previous year, the business posted $0.44 earnings per share. On average, equities analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Hexcel's dividend payout ratio (DPR) is 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.