MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases New Shares in Hexcel Co. (NYSE:HXL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hexcel Co. (NYSE:HXL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,892 shares of the aerospace company's stock, valued at approximately $369,000.

Several other institutional investors have also recently bought and sold shares of HXL. Huntington National Bank grew its stake in shares of Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after acquiring an additional 204 shares in the last quarter. Insigneo Advisory Services LLC grew its position in Hexcel by 4.5% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after buying an additional 218 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Hexcel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock valued at $2,243,000 after purchasing an additional 220 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Hexcel by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock valued at $2,728,000 after purchasing an additional 232 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Hexcel by 5.8% during the fourth quarter. M&T Bank Corp now owns 5,200 shares of the aerospace company's stock valued at $325,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

HXL has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a report on Friday, April 11th. 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. Barclays lowered their target price 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. Wells Fargo & Company lowered their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.20.

Hexcel Trading Up 0.8%

Shares of Hexcel stock traded up $0.42 on Monday, hitting $53.31. The stock had a trading volume of 1,462,388 shares, compared to its average volume of 977,166. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a one year low of $45.28 and a one year high of $71.05. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.72 and a beta of 1.28. The stock's 50-day simple moving average is $51.98 and its two-hundred day simple moving average is $59.03.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (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 firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the prior year, the business posted $0.44 EPS. As a group, sell-side analysts predict that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is 45.03%.

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.