Hexcel Co. (NYSE:HXL) Shares Bought by Oak Thistle LLC

Oak Thistle LLC grew its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 303.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,169 shares of the aerospace company's stock after purchasing an additional 14,418 shares during the quarter. Oak Thistle LLC's holdings in Hexcel were worth $1,202,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new stake in Hexcel in the 3rd quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Hexcel in the third quarter valued at $56,000. First Horizon Advisors Inc. lifted its position in shares of Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 326 shares in the last quarter. Huntington National Bank boosted its stake in shares of Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 225 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Hexcel during the 3rd quarter worth about $62,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Up 1.2 %

HXL traded up $0.83 during trading on Wednesday, hitting $67.39. 796,233 shares of the company's stock were exchanged, compared to its average volume of 879,248. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The stock has a 50 day moving average price of $62.68 and a 200 day moving average price of $62.49. The firm has a market cap of $5.46 billion, a P/E ratio of 51.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. 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 - Get Free Report) last announced its quarterly 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million during the quarter, compared to analysts' expectations of $457.07 million. During the same period in the prior year, the company earned $0.38 EPS. The firm's revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that Hexcel Co. will post 2.02 EPS for the current fiscal 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. This represents a $0.60 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is 45.80%.

Wall Street Analysts Forecast Growth

HXL has been the topic of several analyst reports. UBS Group raised their price target on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Royal Bank of Canada raised shares of Hexcel from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $68.00 to $74.00 in a research note on Thursday, December 19th. Wells Fargo & Company increased their price target on Hexcel from $78.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their target price on Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Hexcel currently has an average rating of "Hold" and a consensus 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.