Kestra Investment Management LLC Takes $270,000 Position in Hexcel Co. (NYSE:HXL)

Kestra Investment Management LLC acquired a new stake in Hexcel Co. (NYSE:HXL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,362 shares of the aerospace company’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in HXL. True Wealth Design LLC acquired a new stake in shares of Hexcel in the 3rd quarter valued at $30,000. Captrust Financial Advisors boosted its holdings in shares of Hexcel by 54.5% during the 3rd quarter. Captrust Financial Advisors now owns 24,998 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 8,821 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Hexcel by 588.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 205,458 shares of the aerospace company’s stock worth $12,704,000 after acquiring an additional 175,608 shares during the last quarter. FORA Capital LLC acquired a new position in Hexcel in the 3rd quarter worth about $739,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Hexcel in the third quarter valued at about $1,634,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of HXL opened at $63.98 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market cap of $5.18 billion, a PE ratio of 48.84, a PEG ratio of 1.96 and a beta of 1.30. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The stock’s fifty day moving average price is $61.17 and its two-hundred day moving average price is $63.20.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Hexcel’s payout ratio is 45.80%.

Analysts Set New Price Targets

A number of research firms have weighed in on HXL. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Wells Fargo & Company increased their target price on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. UBS Group raised their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.58.

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.