Shelton Wealth Management LLC Purchases Shares of 19,665 Hexcel Co. (NYSE:HXL)

Shelton Wealth Management LLC purchased a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,665 shares of the aerospace company's stock, valued at approximately $1,233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Insigneo Advisory Services LLC increased its position in shares of Hexcel by 3.7% in the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock valued at $300,000 after acquiring an additional 172 shares during the period. GAMMA Investing LLC grew its position in shares of Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after buying an additional 206 shares during the last quarter. Huntington National Bank increased its position in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 225 shares during the period. NBW Capital LLC raised its stake in Hexcel by 1.1% in the second quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company's stock worth $1,702,000 after buying an additional 302 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after acquiring an additional 326 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. TD Cowen upgraded shares of Hexcel to a "hold" rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft dropped 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. Vertical Research downgraded shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 target price for the company. in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on shares of Hexcel from $78.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets cut their price target on Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hexcel has an average rating of "Hold" and a consensus target price of $71.33.

Hexcel Stock Down 0.7 %

Shares of HXL stock traded down $0.50 during mid-day trading on Friday, hitting $66.32. The company's stock had a trading volume of 3,235,438 shares, compared to its average volume of 693,324. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.77 and a beta of 1.30. 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 Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The business has a 50-day moving average price of $62.98 and a 200 day moving average price of $62.57.

Hexcel (NYSE:HXL - Get Free Report) last issued its 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. The business 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%. Hexcel's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. Research analysts predict that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio is currently 45.80%.

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.