Fort Washington Investment Advisors Inc. OH Has $20.90 Million Position in Hexcel Co. (NYSE:HXL)

Fort Washington Investment Advisors Inc. OH raised its position in Hexcel Co. (NYSE:HXL) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,380 shares of the aerospace company’s stock after buying an additional 59,310 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.41% of Hexcel worth $20,903,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC boosted its position in shares of Hexcel by 1.1% in the fourth quarter. Clear Harbor Asset Management LLC now owns 125,460 shares of the aerospace company’s stock valued at $7,866,000 after acquiring an additional 1,315 shares during the period. UMB Bank n.a. boosted its holdings in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after purchasing an additional 202 shares during the period. Shelton Wealth Management LLC acquired a new position in shares of Hexcel during the 4th quarter worth approximately $1,233,000. Merit Financial Group LLC bought a new position in shares of Hexcel during the fourth quarter worth approximately $242,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Hexcel by 33.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,416 shares of the aerospace company’s stock valued at $653,000 after buying an additional 2,632 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HXL. UBS Group increased their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.33.

Hexcel Stock Up 0.1 %

Shares of HXL opened at $68.52 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 1.88 and a beta of 1.30. The stock has a fifty day moving average of $63.36 and a 200-day moving average of $62.63.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. As a group, sell-side analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.99%. Hexcel’s dividend payout ratio is 45.80%.

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.