Tidal Investments LLC Invests $12.45 Million in Hexcel Co. (NYSE:HXL)

Tidal Investments LLC bought a new position in Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 198,563 shares of the aerospace company's stock, valued at approximately $12,450,000. Tidal Investments LLC owned approximately 0.24% of Hexcel at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its stake in Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Hexcel in the 4th quarter worth approximately $49,000. Manchester Capital Management LLC lifted its holdings in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Hexcel in the fourth quarter worth $57,000. Finally, Parvin Asset Management LLC bought a new position in shares of Hexcel in the fourth quarter worth about $66,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Performance

Shares of Hexcel stock traded up $0.17 during trading hours on Thursday, hitting $52.06. 837,903 shares of the company's stock traded hands, compared to its average volume of 963,507. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.72 and a beta of 1.28. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $71.72. The company has a fifty day simple moving average of $52.68 and a 200-day simple moving average of $59.48.

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. Equities research analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is 45.03%.

Analysts Set New Price Targets

HXL has been the subject of a number of research reports. BMO Capital Markets lowered their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada decreased their price target on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley decreased their target price on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday, April 11th. TD Cowen upgraded Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average price target of $61.20.

Hexcel 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.