Renaissance Technologies LLC Has $14.45 Million Holdings in Hexcel Co. (NYSE:HXL)

Renaissance Technologies LLC lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 155.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,300 shares of the aerospace company’s stock after buying an additional 140,800 shares during the period. Renaissance Technologies LLC owned about 0.28% of Hexcel worth $14,445,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HXL. Fidelis Capital Partners LLC acquired a new position in shares of Hexcel during the first quarter worth $36,000. Principal Securities Inc. acquired a new position in shares of Hexcel during the fourth quarter worth $51,000. Centerpoint Advisors LLC increased its holdings in shares of Hexcel by 44.6% during the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after buying an additional 223 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Hexcel during the first quarter worth $54,000. Finally, GAMMA Investing LLC increased its holdings in shares of Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after buying an additional 276 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on HXL. Morgan Stanley decreased 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 price objective on Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a report on Friday, June 28th. Stifel Nicolaus decreased their price objective on Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. BMO Capital Markets decreased their price objective on Hexcel from $73.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, July 19th. Finally, UBS Group decreased their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.54.

Hexcel Stock Performance

Shares of HXL opened at $61.10 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.08 billion, a P/E ratio of 52.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. The firm’s fifty day simple moving average is $62.70 and its two-hundred day simple moving average is $66.11. Hexcel Co. has a 12 month low of $58.54 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) 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 analysts’ expectations of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, analysts predict that Hexcel Co. will post 2.08 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

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.