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

Nomura Holdings Inc. trimmed its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 85.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter.

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

Hexcel Trading Down 1.4%

Shares of NYSE HXL traded down $0.72 during mid-day trading on Friday, hitting $51.35. The stock had a trading volume of 1,093,938 shares, compared to its average volume of 965,753. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel Co. has a 1 year low of $45.28 and a 1 year high of $71.05. The business has a 50 day moving average price of $52.46 and a two-hundred day moving average price of $59.37. The firm has a market cap of $4.13 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last released 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). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter last year, the firm earned $0.44 EPS. On average, equities analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Barclays reduced 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. UBS Group cut their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, TD Cowen upgraded shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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.