19,665 Shares in Hexcel Co. (NYSE:HXL) Acquired by Shelton Wealth Management LLC

Shelton Wealth Management LLC acquired a new position in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,665 shares of the aerospace company’s stock, valued at approximately $1,233,000.

A number of other institutional investors also recently bought and sold shares of HXL. AQR Capital Management LLC raised its position in Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after acquiring an additional 1,246,765 shares during the last quarter. Millennium Management LLC raised its position in shares of Hexcel by 307.1% during the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after purchasing an additional 814,402 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Hexcel by 215.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after buying an additional 590,975 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after buying an additional 425,402 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in shares of Hexcel by 34.8% in the third quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock worth $60,182,000 after acquiring an additional 251,062 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Down 0.7 %

Shares of NYSE:HXL opened at $66.32 on Friday. The stock has a 50-day simple moving average of $62.98 and a 200-day simple moving average of $62.58. The stock has a market capitalization of $5.37 billion, a P/E ratio of 50.63, a PEG ratio of 1.77 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 company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) 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 business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Equities analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio is presently 45.80%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HXL shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada raised shares of Hexcel from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $68.00 to $74.00 in a research note on Thursday, December 19th. BMO Capital Markets lowered 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, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.33.

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.