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

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

Several other large investors have also recently added to or reduced their stakes in HXL. Earnest Partners LLC grew its stake in shares of Hexcel by 0.8% in the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after purchasing an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Hexcel by 4,372.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock valued at $156,919,000 after buying an additional 2,446,716 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Hexcel by 24.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock valued at $125,172,000 after buying an additional 395,744 shares during the period. Sei Investments Co. raised its position in shares of Hexcel by 9.0% during the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock worth $92,938,000 after buying an additional 122,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock worth $90,104,000 after acquiring an additional 24,393 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. Royal Bank of Canada decreased their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, 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 report on Tuesday, April 1st. One 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 stock. According to MarketBeat.com, Hexcel currently has an average rating of "Hold" and an average price target of $61.20.

Hexcel Trading Up 0.5%

Shares of NYSE:HXL traded up $0.26 during midday trading on Wednesday, reaching $55.92. The company had a trading volume of 1,289,679 shares, compared to its average volume of 986,395. The company has a fifty day simple moving average of $51.80 and a two-hundred day simple moving average of $58.94. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. Hexcel Co. has a 1-year low of $45.28 and a 1-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.

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

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio is currently 45.03%.

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.