Kestra Advisory Services LLC increased its position in shares of Hexcel Co. (NYSE: HXL – Get Rating) by 18.5% during the 1st quarter, reports Holdings Channel.com. The institutional investor held 6,183 shares of the aerospace company after purchasing an additional 966 shares during the quarter. Kestra Advisory Services LLC’s holdings in Hexcel were worth $368,000 when it last filed with the Securities & Exchange Commission.
Several other hedge funds have also recently changed their holdings in the company. Bank of New Hampshire bought a new position in Hexcel stock during Q1 worth approximately $33,000. Ellevest Inc. increased its position in Hexcel shares by 128.1% during the 1st quarter. Ellevest Inc. now owns 568 shares of the aerospace company valued at $34,000 after acquiring 319 additional shares during the period. Pinebridge Investments LP bought a new position in Hexcel stock during Q4 valued at around $62,000. Richelieu Gestion PLC bought a new position in Hexcel shares during the 1st quarter for a value of approximately $114,000. Finally, Private Capital Group LLC increased its position in Hexcel shares by 21.3% in the first quarter. Private Capital Group LLC now owns 2,164 shares of the aerospace company valued at $129,000 after purchasing an additional 380 shares during the period. Institutional investors hold 97.57% of the company’s shares.
Hexcel trades down 2.4%
Shares of HXL opened at $57.11 on Friday. The company’s 50-day simple moving average is $54.09 and its 200-day simple moving average is $54.95. The company has a market capitalization of $4.80 billion, a P/E ratio of 100.19 and a beta of 1.23. The company has a debt ratio of 0.58, a current ratio of 2.77 and a quick ratio of 1.69. Hexcel Co. has a 1-year low of $46.77 and a 1-year high of $64.16.
Hexcel (NYSE:HXL – Get Rating) last announced its results on Monday, April 25. The aerospace company reported earnings per share of $0.22 for the quarter, beating consensus analyst estimates of $0.17 by $0.05. The company posted revenue of $390.60 million for the quarter, versus a consensus estimate of $372.46 million. Hexcel had a net margin of 3.41% and a return on equity of 3.36%. Hexcel’s quarterly revenue increased 25.9% year over year. During the same period last year, the firm posted ($0.10) earnings per share. Sell-side analysts expect Hexcel Co. to post 1.2 earnings per share for the current fiscal year.
Hexcel dividend announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Friday, May 6 received a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, May 5. Hexcel’s payout ratio is currently 70.18%.
Analyst upgrades and downgrades
Several analysts have recently released reports on the stock. Royal Bank of Canada raised its price target on Hexcel shares from $55.00 to $60.00 in a Wednesday, April 27 research report. Bank of America upgraded Hexcel shares from an “underperform” rating to a “buy” rating and raised its price target for the company from $45.00 to $65.00 in a Wednesday, May 4 research report. Finally, StockNews.com launched coverage on Hexcel shares in a Thursday, March 31 report. They have placed a “holding” rating on the stock. Three equity research analysts gave the stock a sell rating, seven gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.67.
Hexcel Company Profile
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Hexcel Corporation, together with its subsidiaries, develops, manufactures and markets structural materials for the commercial aerospace, space and defense and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, specialty fabrics and reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, polyurethane tooling, systems and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products and other industrial applications, as well as automotive, marine and railroad applications.
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