Hexcel Co. (NYSE:HXL) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its stake in Hexcel Co. (NYSE:HXL - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,000 shares of the aerospace company's stock after selling 126,500 shares during the period. Two Sigma Advisers LP owned about 0.30% of Hexcel worth $15,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Hexcel in the fourth quarter worth $49,000. Manchester Capital Management LLC increased its stake in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after buying 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 acquired a new position in Hexcel in the fourth quarter worth $66,000. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HXL. Morgan Stanley decreased their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a report on Friday, April 11th. TD Cowen raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Wells Fargo & Company decreased their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. BMO Capital Markets decreased their price objective on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One research 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.20.

Hexcel Stock Performance

Shares of Hexcel stock traded up $1.14 during trading on Tuesday, hitting $52.54. 171,372 shares of the stock were exchanged, compared to its average volume of 1,197,007. The stock's fifty day moving average is $52.33 and its 200 day moving average is $59.27. The stock has a market cap of $4.22 billion, a PE ratio of 33.04, a P/E/G ratio of 1.72 and a beta of 1.28. 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 Co. has a 12 month low of $45.28 and a 12 month high of $71.05.

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 for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same period in the previous year, the company earned $0.44 EPS. As a group, sell-side analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is currently 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.