MML Investors Services LLC Increases Position in Hexcel Co. (NYSE:HXL)

MML Investors Services LLC lifted its position in Hexcel Co. (NYSE:HXL) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,673 shares of the aerospace company’s stock after acquiring an additional 1,497 shares during the period. MML Investors Services LLC’s holdings in Hexcel were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HXL. True Wealth Design LLC acquired a new position in shares of Hexcel in the third quarter valued at about $30,000. Capital Performance Advisors LLP purchased a new stake in Hexcel in the third quarter valued at approximately $56,000. First Horizon Advisors Inc. increased its holdings in 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 buying an additional 326 shares during the period. Huntington National Bank raised its position in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after buying an additional 225 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Hexcel during the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective 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. Vertical Research lowered 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. BMO Capital Markets lowered their target price 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. Wells Fargo & Company lifted their price target on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial decreased their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $70.83.

Hexcel Trading Down 0.2 %

Shares of NYSE:HXL opened at $63.75 on Monday. The business’s 50 day moving average price is $61.65 and its 200-day moving average price is $62.72. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 1.96 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 (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that Hexcel Co. will post 2.02 earnings per share 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.94%. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

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.