Stifel Financial Corp Purchases 109,450 Shares of Hexcel Co. (NYSE:HXL)

Stifel Financial Corp boosted its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 64.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,148 shares of the aerospace company's stock after purchasing an additional 109,450 shares during the quarter. Stifel Financial Corp owned about 0.35% of Hexcel worth $17,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP bought a new stake in shares of Hexcel in the third quarter valued at approximately $299,000. Jacobs Levy Equity Management Inc. bought a new stake in Hexcel in the 3rd quarter valued at $220,000. Holocene Advisors LP grew its position in Hexcel by 347.1% in the 3rd quarter. Holocene Advisors LP now owns 113,157 shares of the aerospace company's stock worth $6,996,000 after purchasing an additional 87,849 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Hexcel during the 3rd quarter worth about $270,000. Finally, True Wealth Design LLC acquired a new position in shares of Hexcel during the third quarter valued at about $30,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Truist Financial lowered their price objective on Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Finally, UBS Group raised their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $70.58.

Hexcel Price Performance

Shares of NYSE:HXL traded up $1.17 during trading on Tuesday, reaching $64.14. The stock had a trading volume of 785,907 shares, compared to its average volume of 863,461. The stock has a market capitalization of $5.20 billion, a PE ratio of 48.07, a P/E/G ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The business's 50-day moving average price is $61.39 and its 200 day moving average price is $62.89.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business'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 earnings per share. As a group, equities analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The business 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 0.94%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel's payout ratio is presently 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.