Nomura Holdings Inc. Sells 64,952 Shares of Hexcel Co. (NYSE:HXL)

Nomura Holdings Inc. lessened its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 85.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,748 shares of the aerospace company's stock after selling 64,952 shares during the period. Nomura Holdings Inc.'s holdings in Hexcel were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HXL. Numerai GP LLC raised its position in Hexcel by 47.1% in the 4th quarter. Numerai GP LLC now owns 25,293 shares of the aerospace company's stock valued at $1,586,000 after buying an additional 8,094 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Hexcel in the fourth quarter valued at about $369,000. Lazard Asset Management LLC purchased a new stake in shares of Hexcel in the fourth quarter valued at about $146,000. Lighthouse Investment Partners LLC bought a new position in shares of Hexcel during the fourth quarter valued at about $4,076,000. Finally, Invenomic Capital Management LP purchased a new position in Hexcel during the fourth quarter worth about $3,911,000. 95.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HXL shares. Wells Fargo & Company reduced their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Barclays dropped their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Royal Bank of Canada decreased their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group lowered their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Hexcel has an average rating of "Hold" and a consensus target price of $61.20.

Hexcel Price Performance

HXL traded down $0.72 on Monday, reaching $51.35. The company had a trading volume of 1,093,938 shares, compared to its average volume of 967,178. Hexcel Co. has a 52-week low of $45.28 and a 52-week high of $71.05. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business has a 50 day simple moving average of $52.46 and a 200 day simple moving average of $59.34.

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 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 firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. During the same quarter last year, the company posted $0.44 earnings per share. As a group, sell-side analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.17 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Hexcel's dividend payout ratio (DPR) 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.