Hennion & Walsh Asset Management Inc. Purchases 2,676 Shares of Hexcel Co. (NYSE:HXL)

Hennion & Walsh Asset Management Inc. lifted its position in Hexcel Co. (NYSE:HXL) by 64.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,836 shares of the aerospace company’s stock after acquiring an additional 2,676 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Hexcel were worth $498,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in shares of Hexcel by 0.3% during the fourth quarter. Corient Private Wealth LLC now owns 53,624 shares of the aerospace company’s stock valued at $3,955,000 after buying an additional 143 shares during the period. Xponance Inc. boosted its holdings in Hexcel by 1.8% during the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock valued at $756,000 after acquiring an additional 178 shares during the period. Treasurer of the State of North Carolina grew its position in Hexcel by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock valued at $2,411,000 after acquiring an additional 180 shares during the last quarter. New York State Teachers Retirement System increased its stake in Hexcel by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock worth $4,576,000 after purchasing an additional 200 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Hexcel by 2.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,989 shares of the aerospace company’s stock worth $663,000 after purchasing an additional 215 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on HXL shares. UBS Group reduced their price target on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company upgraded Hexcel from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $81.00 to $95.00 in a report on Wednesday, May 8th. Truist Financial reduced their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $76.00 target price on shares of Hexcel in a research report on Friday, June 14th. Finally, Stifel Nicolaus dropped their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus target price of $76.86.

Insider Buying and Selling

In other Hexcel news, Director Jeffrey C. Campbell purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average price of $64.13 per share, for a total transaction of $641,300.00. Following the completion of the purchase, the director now owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Jeffrey C. Campbell acquired 10,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was acquired at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the completion of the purchase, the director now owns 17,803 shares of the company’s stock, valued at approximately $1,141,706.39. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nick L. Stanage bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $64.29 per share, for a total transaction of $964,350.00. Following the completion of the transaction, the chief executive officer now owns 392,446 shares in the company, valued at $25,230,353.34. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,400 shares of company stock worth $2,820,322 in the last ninety days. 1.85% of the stock is owned by insiders.

Hexcel Stock Performance

Shares of Hexcel stock opened at $63.78 on Wednesday. The company has a market capitalization of $5.30 billion, a PE ratio of 54.51, a P/E/G ratio of 1.17 and a beta of 1.28. The company has a 50-day simple moving average of $67.23 and a two-hundred day simple moving average of $69.72. Hexcel Co. has a one year low of $58.81 and a one year high of $79.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. Hexcel’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. Research analysts expect that Hexcel Co. will post 2.21 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were given a $0.15 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Hexcel’s payout ratio is 51.28%.

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.