Raymond James Financial Inc. Purchases New Position in Hexcel Co. (NYSE:HXL)

Raymond James Financial Inc. bought a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 113,102 shares of the aerospace company's stock, valued at approximately $7,092,000. Raymond James Financial Inc. owned approximately 0.14% of Hexcel at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HXL. UMB Bank n.a. increased its stake 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 purchasing an additional 202 shares during the period. Huntington National Bank lifted its holdings in shares of Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after acquiring an additional 204 shares during the period. GAMMA Investing LLC boosted its stake in shares of Hexcel by 21.1% in the 4th 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 in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Hexcel by 0.5% in 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 last quarter. Finally, M&T Bank Corp increased its position in shares of Hexcel by 5.8% during the 4th quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company's stock worth $325,000 after purchasing an additional 283 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

Hexcel stock traded down $0.51 during midday trading on Tuesday, hitting $50.03. The company's stock had a trading volume of 146,141 shares, compared to its average volume of 958,527. Hexcel Co. has a 1-year low of $45.28 and a 1-year high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a 50-day moving average price of $55.39 and a two-hundred day moving average price of $60.64. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 1.72 and a beta of 1.08.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data 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). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same quarter last year, the firm earned $0.44 EPS. As a group, sell-side analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of research analyst reports. TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Royal Bank of Canada reduced their price objective on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. UBS Group cut their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley cut their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut 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 note on Thursday, April 24th. One equities 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 company's stock. According to MarketBeat.com, Hexcel presently has an average rating of "Hold" and a consensus price target of $61.20.

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.