Janney Montgomery Scott LLC Has $2.68 Million Stock Position in Hexcel Co. (NYSE:HXL)

Janney Montgomery Scott LLC raised its holdings in Hexcel Co. (NYSE:HXL) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,279 shares of the aerospace company’s stock after acquiring an additional 2,287 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.05% of Hexcel worth $2,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Hexcel in the 3rd quarter valued at $62,000. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 276 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Hexcel by 38.9% in the 3rd quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock valued at $92,000 after purchasing an additional 417 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Hexcel in the 1st quarter valued at $119,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Hexcel in the 2nd quarter valued at $128,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HXL has been the topic of a number of analyst reports. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday, October 10th. UBS Group upped 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. 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. Truist Financial cut their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Morgan Stanley cut their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.54.

Hexcel Stock Performance

HXL opened at $61.93 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $61.11 and its two-hundred day moving average price is $64.04. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 1.82 and a beta of 1.30.

Hexcel (NYSE:HXL) last released 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. Hexcel’s dividend payout ratio is currently 45.80%.

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.