Hexcel Co. (NYSE:HXL) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,786 shares of the aerospace company's stock after purchasing an additional 65,698 shares during the period. Ensign Peak Advisors Inc owned about 0.29% of Hexcel worth $14,909,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HXL. Allworth Financial LP grew its holdings in Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Hexcel in the fourth quarter valued at approximately $49,000. Manchester Capital Management LLC grew its holdings in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Hexcel in the fourth quarter valued at approximately $57,000. Finally, Parvin Asset Management LLC acquired a new stake in Hexcel in the fourth quarter valued at approximately $66,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HXL has been the topic of several research analyst reports. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Wells Fargo & Company decreased their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada decreased their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays decreased 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. Finally, BMO Capital Markets decreased their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. One equities 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Trading Up 1.1%

Hexcel stock traded up $0.60 during trading on Friday, reaching $54.65. 857,300 shares of the company were exchanged, compared to its average volume of 963,759. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $72.24. The company has a market capitalization of $4.39 billion, a P/E ratio of 34.37, a PEG ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The stock's 50 day simple moving average is $52.85 and its two-hundred day simple moving average is $59.60.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 EPS 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 company had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities research analysts expect 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 was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. Hexcel's payout ratio is 45.03%.

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.