Hexcel Co. (NYSE:HXL) Stock Position Raised by Prospera Financial Services Inc

Prospera Financial Services Inc raised its position in Hexcel Co. (NYSE:HXL - Free Report) by 56.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 45,056 shares of the aerospace company's stock after purchasing an additional 16,170 shares during the period. Prospera Financial Services Inc owned 0.06% of Hexcel worth $2,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Hexcel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company's stock worth $576,556,000 after purchasing an additional 67,425 shares during the last quarter. Earnest Partners LLC increased its position in shares of Hexcel by 2.9% during the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company's stock worth $302,008,000 after purchasing an additional 136,290 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company's stock valued at $105,874,000 after acquiring an additional 1,246,765 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock valued at $87,829,000 after acquiring an additional 103,679 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in Hexcel by 12.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company's stock valued at $71,810,000 after acquiring an additional 129,335 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $64.00 to $63.00 and set a "hold" rating for the company in a report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Hexcel from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. UBS Group lifted their price objective on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Vertical Research cut Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Finally, BMO Capital Markets decreased their price objective on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $71.54.

Hexcel Trading Down 0.3 %

NYSE:HXL opened at $58.60 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The business's 50 day moving average is $61.00 and its two-hundred day moving average is $63.75. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a market cap of $4.75 billion, a PE ratio of 44.73, a P/E/G ratio of 1.73 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, analysts predict that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, November 1st. 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.