Hexcel Co. (NYSE:HXL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Hexcel Co. (NYSE:HXL) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,588 shares of the aerospace company’s stock after selling 2,693 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Hexcel worth $2,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HXL. Renaissance Technologies LLC lifted its holdings in shares of Hexcel by 155.6% in the 2nd quarter. Renaissance Technologies LLC now owns 231,300 shares of the aerospace company’s stock valued at $14,445,000 after buying an additional 140,800 shares during the period. Quantbot Technologies LP lifted its holdings in Hexcel by 1,078.6% in the second quarter. Quantbot Technologies LP now owns 63,609 shares of the aerospace company’s stock valued at $3,972,000 after acquiring an additional 58,212 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hexcel by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after acquiring an additional 103,679 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Hexcel by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 760,899 shares of the aerospace company’s stock worth $47,518,000 after purchasing an additional 9,367 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Hexcel by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 41,004 shares of the aerospace company’s stock worth $2,561,000 after purchasing an additional 1,184 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

NYSE:HXL opened at $62.22 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The firm has a market cap of $5.17 billion, a PE ratio of 53.18, a P/E/G ratio of 1.33 and a beta of 1.29. The firm has a 50 day simple moving average of $62.59 and a 200-day simple moving average of $65.94. Hexcel Co. has a 1-year low of $58.54 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $500.40 million for the quarter, compared to analyst estimates of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities analysts expect that Hexcel Co. will post 2.08 EPS for the current year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel’s payout ratio is 51.28%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group decreased their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Stifel Nicolaus lowered their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Morgan Stanley reduced their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Finally, Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.54.

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.