Hexcel Co. (NYSE:HXL) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Hexcel Co. (NYSE:HXL - Free Report) by 1,057.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,591 shares of the aerospace company's stock after purchasing an additional 53,531 shares during the period. Deutsche Bank AG owned about 0.07% of Hexcel worth $3,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HXL. Allworth Financial LP lifted its holdings in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Hexcel during the 4th quarter worth approximately $49,000. Manchester Capital Management LLC lifted its holdings in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after buying an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Hexcel during the 4th quarter worth approximately $57,000. Finally, Parvin Asset Management LLC bought a new position in Hexcel during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

HXL traded down $0.72 during trading hours on Monday, hitting $51.35. The company's stock had a trading volume of 1,093,938 shares, compared to its average volume of 967,178. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.13 billion, a PE ratio of 32.30, a PEG ratio of 1.72 and a beta of 1.28. The company has a 50-day simple moving average of $52.33 and a 200 day simple moving average of $59.27.

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 the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, sell-side analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

Analysts Set New Price Targets

A number of research analysts have commented on HXL shares. BMO Capital Markets reduced their target price on 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 reduced their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their target price on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Wall Street Zen downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.