Squarepoint Ops LLC Cuts Holdings in Hexcel Co. (NYSE:HXL)

Squarepoint Ops LLC decreased its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 57.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 209,558 shares of the aerospace company's stock after selling 284,765 shares during the period. Squarepoint Ops LLC owned 0.26% of Hexcel worth $13,139,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP grew its position 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 shares of Hexcel during the 4th quarter worth $49,000. Manchester Capital Management LLC grew its holdings in shares of 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 purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Hexcel in the fourth quarter worth $57,000. Finally, Parvin Asset Management LLC acquired a new position in Hexcel in the fourth quarter valued at about $66,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Trading Up 2.8%

NYSE:HXL traded up $1.42 on Tuesday, reaching $52.82. 473,713 shares of the stock traded hands, compared to its average volume of 1,200,089. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 1-year low of $45.28 and a 1-year high of $71.05. The company's 50 day moving average is $52.33 and its 200-day moving average is $59.27. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

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). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. During the same period in the prior year, the business earned $0.44 EPS. Equities research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal 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 given 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 1.29%. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective 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 report on Sunday, April 27th. UBS Group decreased their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Monday, February 24th. Finally, BMO Capital Markets reduced their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" 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 given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus price target of $61.20.

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.