Janney Montgomery Scott LLC Has $2.73 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Janney Montgomery Scott LLC boosted its holdings in Hexcel Co. (NYSE:HXL) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,511 shares of the aerospace company’s stock after buying an additional 232 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of Hexcel worth $2,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HXL. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hexcel by 36.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Hexcel by 34.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after purchasing an additional 251,062 shares during the period. The Manufacturers Life Insurance Company raised its stake in Hexcel by 52.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company’s stock valued at $36,246,000 after acquiring an additional 200,722 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Hexcel by 588.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 205,458 shares of the aerospace company’s stock valued at $12,704,000 after acquiring an additional 175,608 shares during the period. Finally, Copeland Capital Management LLC boosted its stake in Hexcel by 12.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock valued at $71,810,000 after purchasing an additional 129,335 shares during the period. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. BMO Capital Markets reduced their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. UBS Group boosted their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Thursday, October 10th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Stock Performance

Shares of HXL opened at $65.16 on Friday. The stock’s 50-day simple moving average is $64.41 and its 200 day simple moving average is $62.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Research analysts forecast that Hexcel Co. will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.04%. Hexcel’s dividend payout ratio (DPR) is currently 37.74%.

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.