Lighthouse Investment Partners LLC Purchases Shares of 65,000 Hexcel Co. (NYSE:HXL)

Lighthouse Investment Partners LLC purchased a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 65,000 shares of the aerospace company's stock, valued at approximately $4,076,000. Lighthouse Investment Partners LLC owned about 0.08% of Hexcel as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HXL. Invenomic Capital Management LP bought a new position in Hexcel in the 4th quarter valued at $3,911,000. Focus Partners Wealth boosted its holdings in shares of Hexcel by 17.9% in the 4th quarter. Focus Partners Wealth now owns 9,463 shares of the aerospace company's stock worth $593,000 after buying an additional 1,437 shares during the last quarter. Ensign Peak Advisors Inc grew its position in Hexcel by 38.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 237,786 shares of the aerospace company's stock valued at $14,909,000 after buying an additional 65,698 shares during the period. Frontier Capital Management Co. LLC increased its holdings in Hexcel by 191.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 357,658 shares of the aerospace company's stock worth $22,425,000 after buying an additional 235,025 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Hexcel by 1,057.9% in the fourth quarter. Deutsche Bank AG now owns 58,591 shares of the aerospace company's stock worth $3,674,000 after acquiring an additional 53,531 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Performance

Shares of HXL stock traded up $0.60 during trading hours on Friday, reaching $54.65. The company had a trading volume of 857,300 shares, compared to its average volume of 960,350. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business has a fifty day moving average price of $52.89 and a 200-day moving average price of $59.66. Hexcel Co. has a one year low of $45.28 and a one year high of $72.84. The firm has a market cap of $4.39 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period last year, the firm posted $0.44 EPS. Sell-side analysts predict that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.24%. Hexcel's payout ratio is presently 45.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HXL shares. BMO Capital Markets lowered their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. TD Cowen upgraded Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada lowered their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays dropped their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.20.

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.