Fmr LLC Increases Holdings in Hexcel Co. (NYSE:HXL)

Fmr LLC grew its holdings in Hexcel Co. (NYSE:HXL) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 77,493 shares of the aerospace company’s stock after buying an additional 8,135 shares during the quarter. Fmr LLC owned approximately 0.10% of Hexcel worth $4,791,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Earnest Partners LLC raised its stake in Hexcel by 2.9% in the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock worth $302,008,000 after buying an additional 136,290 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after acquiring an additional 1,246,765 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after acquiring an additional 425,402 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hexcel by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after purchasing an additional 103,679 shares during the period. Finally, Copeland Capital Management LLC boosted its position in shares of Hexcel by 12.5% during the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock valued at $71,810,000 after purchasing an additional 129,335 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Price Performance

NYSE HXL opened at $63.89 on Friday. The business’s fifty day moving average is $61.58 and its 200 day moving average is $62.85. The company has a market capitalization of $5.18 billion, a PE ratio of 48.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. 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 fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is 45.80%.

Analyst Ratings Changes

Several research firms have recently issued reports on HXL. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Thursday, October 10th. BMO Capital Markets dropped their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. UBS Group lifted 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. Finally, Wells Fargo & Company increased their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday. 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.83.

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.