Orion Portfolio Solutions LLC Lowers Holdings in Hexcel Co. (NYSE:HXL)

Orion Portfolio Solutions LLC reduced its position in shares of Hexcel Co. (NYSE:HXL) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,767 shares of the aerospace company’s stock after selling 5,369 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Hexcel were worth $2,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. iSAM Funds UK Ltd increased its stake in shares of Hexcel by 60.1% during the third quarter. iSAM Funds UK Ltd now owns 8,300 shares of the aerospace company’s stock valued at $513,000 after buying an additional 3,115 shares during the period. Insigneo Advisory Services LLC grew its holdings in Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after acquiring an additional 172 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in Hexcel by 3.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 40,444 shares of the aerospace company’s stock valued at $2,441,000 after purchasing an additional 1,407 shares during the period. Stifel Financial Corp raised its holdings in shares of Hexcel by 64.1% in the 3rd quarter. Stifel Financial Corp now owns 280,148 shares of the aerospace company’s stock valued at $17,322,000 after purchasing an additional 109,450 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Hexcel in the 3rd quarter worth approximately $299,000. 95.47% of the stock is owned by institutional investors.

Hexcel Trading Down 1.2 %

NYSE:HXL opened at $63.38 on Thursday. The company has a market capitalization of $5.13 billion, a P/E ratio of 48.38, a PEG ratio of 1.94 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 Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The firm has a fifty day simple moving average of $61.50 and a 200-day simple moving average of $62.84.

Hexcel (NYSE:HXL) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities research analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.95%. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective 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. BMO Capital Markets reduced their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. Finally, UBS Group raised their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two 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 data from MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus price target of $70.83.

Hexcel 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.