5,140 Shares in Hexcel Corporation (NYSE:HXL) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Hexcel Corporation (NYSE:HXL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,140 shares of the aerospace company's stock, valued at approximately $281,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Earnest Partners LLC increased its holdings in shares of Hexcel by 0.8% in the 4th 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 period. Price T Rowe Associates Inc. MD grew its position in Hexcel by 4,372.3% in 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 during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Hexcel by 24.7% in 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 purchasing an additional 395,744 shares during the period. Sei Investments Co. raised its holdings in shares of Hexcel by 9.0% during the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock valued at $92,938,000 after buying an additional 122,281 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hexcel by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock worth $90,104,000 after buying an additional 24,393 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group lowered their target price on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research 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 research note on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Barclays decreased their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.20.

Hexcel Stock Performance

NYSE:HXL opened at $56.94 on Friday. The company has a 50-day moving average of $53.03 and a 200-day moving average of $58.23. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29. The company has a current ratio of 2.59, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). The business had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. Hexcel had a net margin of 6.60% and a return on equity of 10.36%. During the same period in the prior year, the company earned $0.44 earnings per share. Analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's payout ratio is 45.03%.

About Hexcel

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.

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