Hexcel Co. (NYSE:HXL) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 219.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,607 shares of the aerospace company's stock after buying an additional 153,584 shares during the quarter. Barclays PLC owned 0.28% of Hexcel worth $14,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Hexcel by 24.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock valued at $125,172,000 after buying an additional 395,744 shares during the last quarter. Sei Investments Co. grew its position in Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock valued at $92,938,000 after acquiring an additional 122,281 shares during the last quarter. Brandes Investment Partners LP lifted its position in shares of Hexcel by 99.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock worth $81,803,000 after purchasing an additional 651,062 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Hexcel by 66.9% during the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company's stock worth $75,123,000 after purchasing an additional 480,207 shares during the last quarter. Finally, Channing Capital Management LLC boosted its stake in shares of Hexcel by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company's stock valued at $70,768,000 after purchasing an additional 105,510 shares during the period. Institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on HXL shares. Royal Bank of Canada dropped their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays dropped their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley decreased their target price on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company dropped their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, BMO Capital Markets decreased their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Hexcel has a consensus rating of "Hold" and a consensus target price of $61.20.

Hexcel Stock Down 0.2 %

NYSE:HXL traded down $0.11 during midday trading on Friday, reaching $50.07. 292,824 shares of the stock traded hands, compared to its average volume of 1,229,520. The business has a 50-day moving average of $56.03 and a two-hundred day moving average of $60.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $73.58. The stock has a market capitalization of $4.03 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

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

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 2nd. Hexcel's payout ratio is currently 45.03%.

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.