Bank of America Corp DE Lowers Holdings in Hexcel Co. (NYSE:HXL)

Bank of America Corp DE decreased its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,168,520 shares of the aerospace company's stock after selling 129,072 shares during the period. Bank of America Corp DE owned about 3.91% of Hexcel worth $198,666,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Earnest Partners LLC grew its position in shares of Hexcel by 0.8% during the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after acquiring an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hexcel by 4,372.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock worth $156,919,000 after purchasing an additional 2,446,716 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Hexcel by 24.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock worth $125,172,000 after buying an additional 395,744 shares during the last quarter. Sei Investments Co. raised its stake in shares of Hexcel by 9.0% during the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock worth $92,938,000 after buying an additional 122,281 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock valued at $90,104,000 after purchasing an additional 24,393 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Trading Up 1.0%

Shares of NYSE:HXL traded up $0.51 during midday trading on Wednesday, hitting $54.09. 505,785 shares of the stock were exchanged, compared to its average volume of 954,120. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 1.72 and a beta of 1.28. 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's 50-day moving average price is $53.03 and its 200 day moving average price is $59.76. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.24.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same period last year, the firm posted $0.44 earnings per share. Analysts predict that Hexcel Co. will post 2.14 earnings per share for the current 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 issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. Hexcel's payout ratio is currently 45.03%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HXL shares. BMO Capital Markets lowered their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley decreased their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. Barclays cut their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group reduced their price objective on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Finally, StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Hexcel presently has an average rating of "Hold" and a consensus target price of $61.20.

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.