Landscape Capital Management L.L.C. Takes Position in Hexcel Co. (NYSE:HXL)

Landscape Capital Management L.L.C. acquired a new position in shares of Hexcel Co. (NYSE:HXL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,846 shares of the aerospace company’s stock, valued at approximately $485,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Financial LLC raised its holdings in shares of Hexcel by 2.9% during the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after acquiring an additional 153 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Hexcel by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 182 shares during the period. Huntington National Bank boosted its holdings in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Hexcel by 34.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after buying an additional 276 shares during the period. Finally, NBW Capital LLC increased its holdings in shares of Hexcel by 1.1% during the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HXL shares. BMO Capital Markets lowered their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upped their price objective on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.31.

Hexcel Stock Up 2.8 %

Hexcel stock opened at $61.19 on Friday. The firm has a market capitalization of $4.96 billion, a P/E ratio of 46.71, a P/E/G ratio of 1.76 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 twelve month low of $57.50 and a twelve month high of $77.09. The stock’s fifty day simple moving average is $60.97 and its 200-day simple moving average is $63.61.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter last year, the company earned $0.38 EPS. Hexcel’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts expect that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) 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.