Mitsubishi UFJ Asset Management Co. Ltd. Acquires 15,407 Shares of Hexcel Corporation (NYSE:HXL)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Hexcel Corporation (NYSE:HXL - Free Report) by 41.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,707 shares of the aerospace company's stock after buying an additional 15,407 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Hexcel worth $2,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Hexcel in the 1st quarter valued at approximately $61,000. Parvin Asset Management LLC acquired a new stake in shares of Hexcel during the 4th quarter worth approximately $66,000. Farther Finance Advisors LLC grew its holdings in shares of Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after purchasing an additional 499 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Hexcel by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock worth $126,000 after purchasing an additional 1,125 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Hexcel by 698.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock worth $129,000 after purchasing an additional 2,061 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HXL shares. Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Royal Bank Of Canada reissued an "outperform" rating and set a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley lifted their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Wells Fargo & Company decreased their price objective on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group raised their target price on Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.33.

Hexcel Price Performance

HXL traded down $0.60 during trading on Friday, hitting $61.86. The company's stock had a trading volume of 644,836 shares, compared to its average volume of 1,227,457. The firm's 50 day moving average price is $58.70 and its two-hundred day moving average price is $57.00. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $71.05. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 57.28, a price-to-earnings-growth ratio of 2.05 and a beta of 1.36.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%. The firm had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same quarter in the previous year, the company posted $0.60 EPS. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel's dividend payout ratio is currently 62.96%.

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.