Raymond James Financial Inc. Takes Position in Hexcel Co. (NYSE:HXL)

Raymond James Financial Inc. purchased a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 113,102 shares of the aerospace company's stock, valued at approximately $7,092,000. Raymond James Financial Inc. owned approximately 0.14% of Hexcel as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of Hexcel during the third quarter valued at approximately $30,000. Allworth Financial LP increased its position in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the fourth quarter valued at $49,000. Manchester Capital Management LLC boosted its holdings in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after acquiring an additional 420 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hexcel in the fourth quarter worth $57,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HXL has been the subject of several recent analyst reports. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada raised their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Truist Financial boosted their price objective on shares of Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $73.09.

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Hexcel Stock Performance

Shares of NYSE:HXL traded down $1.04 during trading on Thursday, hitting $58.08. The company's stock had a trading volume of 893,606 shares, compared to its average volume of 1,125,932. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a 50-day moving average of $62.60 and a 200-day moving average of $62.22. Hexcel Co. has a 12 month low of $55.24 and a 12 month high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, sell-side analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. Hexcel's dividend payout ratio is 42.77%.

About Hexcel

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.