Shelton Wealth Management LLC Takes Position in Hexcel Co. (NYSE:HXL)

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

A number of other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new position in shares of Hexcel in the fourth quarter worth about $242,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Hexcel by 33.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,416 shares of the aerospace company’s stock valued at $653,000 after purchasing an additional 2,632 shares in the last quarter. Kopion Asset Management LLC boosted 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 valued at $6,142,000 after buying an additional 9,861 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Hexcel by 27.6% during the fourth quarter. Park Avenue Securities LLC now owns 13,375 shares of the aerospace company’s stock worth $839,000 after buying an additional 2,890 shares in the last quarter. Finally, Oak Thistle LLC increased its stake in shares of Hexcel by 303.5% in the fourth quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company’s stock worth $1,202,000 after buying an additional 14,418 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of NYSE HXL opened at $66.32 on Friday. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a market cap of $5.37 billion, a PE ratio of 50.63, a P/E/G ratio of 1.77 and a beta of 1.30. The stock has a 50 day simple moving average of $62.98 and a 200-day simple moving average of $62.58. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.99% and a net margin of 5.73%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities research analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Announces Dividend

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

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $68.00 to $74.00 in a research note on Thursday, December 19th. Truist Financial lowered their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. UBS Group lifted their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.