Kopion Asset Management LLC Sells 9,781 Shares of Hexcel Co. (NYSE:HXL)

Kopion Asset Management LLC decreased its position in Hexcel Co. (NYSE:HXL - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,179 shares of the aerospace company's stock after selling 9,781 shares during the period. Hexcel accounts for 3.8% of Kopion Asset Management LLC's investment portfolio, making the stock its 14th biggest holding. Kopion Asset Management LLC owned 0.11% of Hexcel worth $4,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HXL. GAMMA Investing LLC raised its stake in shares of Hexcel by 10,592.4% in the first quarter. GAMMA Investing LLC now owns 126,277 shares of the aerospace company's stock valued at $69,150,000 after buying an additional 125,096 shares during the period. Centre Asset Management LLC raised its stake in Hexcel by 13.1% in the 1st quarter. Centre Asset Management LLC now owns 141,614 shares of the aerospace company's stock valued at $7,755,000 after acquiring an additional 16,351 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Hexcel by 698.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock valued at $129,000 after purchasing an additional 2,061 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Hexcel during the fourth quarter valued at about $437,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hexcel by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company's stock worth $15,029,000 after purchasing an additional 24,057 shares during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Price Performance

HXL traded up $0.78 during trading on Wednesday, reaching $56.44. The stock had a trading volume of 546,110 shares, compared to its average volume of 982,455. The business has a 50-day moving average of $51.81 and a 200-day moving average of $58.96. Hexcel Co. has a one year low of $45.28 and a one year high of $71.05. 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 stock has a market cap of $4.54 billion, a PE ratio of 35.50, a PEG ratio of 1.72 and a beta of 1.29.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The firm had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the previous year, the company posted $0.44 earnings per share. As a group, equities research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. Hexcel's payout ratio is 45.03%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HXL. 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 research report on Wednesday, April 23rd. Royal Bank of Canada dropped their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley cut their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Finally, Barclays dropped their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Hexcel currently has an average rating of "Hold" and an average target price of $61.20.

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.