Hennion & Walsh Asset Management Inc. Increases Stake in Hexcel Co. (NYSE:HXL)

Hennion & Walsh Asset Management Inc. grew its position in shares of Hexcel Co. (NYSE:HXL) by 33.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,416 shares of the aerospace company’s stock after buying an additional 2,632 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Hexcel were worth $653,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Kopion Asset Management LLC grew its stake in shares of Hexcel by 11.2% during the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after purchasing an additional 9,861 shares during the period. Park Avenue Securities LLC grew its stake in shares of Hexcel by 27.6% during the 4th quarter. Park Avenue Securities LLC now owns 13,375 shares of the aerospace company’s stock worth $839,000 after purchasing an additional 2,890 shares during the period. Oak Thistle LLC grew its stake in shares of Hexcel by 303.5% during the 4th quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company’s stock worth $1,202,000 after purchasing an additional 14,418 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Hexcel by 4.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,516 shares of the aerospace company’s stock worth $1,639,000 after purchasing an additional 1,147 shares during the period. Finally, Weybosset Research & Management LLC grew its stake in shares of Hexcel by 0.4% during the 4th quarter. Weybosset Research & Management LLC now owns 175,676 shares of the aerospace company’s stock worth $11,015,000 after purchasing an additional 692 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.7 %

HXL opened at $66.32 on Tuesday. The firm has a market capitalization of $5.37 billion, a P/E ratio of 50.63, a P/E/G ratio of 1.77 and a beta of 1.30. The firm’s 50 day moving average is $63.07 and its 200-day moving average is $62.56. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter last year, the company earned $0.38 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts expect that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HXL shares. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. UBS Group increased 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. BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.33.

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.