Whalen Wealth Management Inc. Purchases Shares of 4,909 Hexcel Co. (NYSE:HXL)

Whalen Wealth Management Inc. bought a new position in Hexcel Co. (NYSE:HXL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,909 shares of the aerospace company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HXL. Price T Rowe Associates Inc. MD raised its holdings in Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after buying an additional 207,434 shares during the period. Speece Thorson Capital Group Inc. raised its holdings in shares of Hexcel by 15.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after acquiring an additional 32,960 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in shares of Hexcel by 32.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after acquiring an additional 19,736 shares during the period. Seven Eight Capital LP acquired a new position in Hexcel in the 1st quarter worth approximately $1,109,000. Finally, Capital World Investors raised its stake in Hexcel by 16.4% during the 1st quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock valued at $64,512,000 after purchasing an additional 124,900 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HXL shares. Truist Financial decreased their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets cut 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 report on Monday, October 28th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley cut their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.54.

Hexcel Stock Down 0.5 %

HXL stock opened at $59.21 on Tuesday. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The company has a 50-day moving average of $61.09 and a two-hundred day moving average of $63.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.38 EPS. As a group, equities research analysts anticipate that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. 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.