Envestnet Asset Management Inc. Has $36.47 Million Stock Holdings in Hexcel Corporation (NYSE:HXL)

Envestnet Asset Management Inc. decreased its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,069 shares of the aerospace company's stock after selling 100,138 shares during the period. Envestnet Asset Management Inc. owned 0.83% of Hexcel worth $36,474,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Hexcel during the 4th quarter worth approximately $633,000. Raymond James Financial Inc. acquired a new stake in Hexcel in the fourth quarter worth $7,092,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hexcel by 13.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,354 shares of the aerospace company's stock valued at $1,276,000 after purchasing an additional 2,487 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Hexcel by 1.8% during the fourth quarter. HighTower Advisors LLC now owns 19,069 shares of the aerospace company's stock valued at $1,196,000 after purchasing an additional 339 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Hexcel by 28.1% during the fourth quarter. Natixis Advisors LLC now owns 251,363 shares of the aerospace company's stock valued at $15,760,000 after purchasing an additional 55,134 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Price Performance

Hexcel stock opened at $58.89 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. The business's 50 day simple moving average is $54.78 and its 200 day simple moving average is $57.73. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $71.05. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 1.98 and a beta of 1.28.

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

Hexcel Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Analyst Ratings Changes

A number of analysts recently commented on HXL shares. Royal Bank Of Canada decreased their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. BMO Capital Markets reduced their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group dropped their price objective on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $58.67.

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.

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