True Wealth Design LLC Takes Position in Hexcel Co. (NYSE:HXL)

True Wealth Design LLC acquired a new position in shares of Hexcel Co. (NYSE:HXL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 483 shares of the aerospace company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Hexcel during the 3rd quarter worth $56,000. First Horizon Advisors Inc. increased its stake in shares of Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares during the period. Huntington National Bank lifted its position in shares of Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the last quarter. Eastern Bank bought a new stake in Hexcel during the 3rd quarter valued at approximately $62,000. Finally, GAMMA Investing LLC grew its holdings in Hexcel by 34.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after buying an additional 276 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. BMO Capital Markets reduced their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Finally, Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.58.

Hexcel Stock Up 1.2 %

Shares of NYSE:HXL opened at $63.39 on Monday. The company has a market capitalization of $5.13 billion, a PE ratio of 48.39, a P/E/G ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The company’s fifty day moving average is $61.17 and its 200-day moving average is $63.27. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts predict that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s payout ratio is presently 45.80%.

About Hexcel

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.