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

Two Sigma Investments LP lessened its stake in Hexcel Co. (NYSE:HXL - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,943 shares of the aerospace company's stock after selling 176,674 shares during the period. Two Sigma Investments LP owned approximately 0.13% of Hexcel worth $6,768,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its position in Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after buying an additional 204 shares during the period. Insigneo Advisory Services LLC lifted its stake in shares of Hexcel by 4.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after acquiring an additional 218 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Hexcel by 0.6% during the 4th 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 acquiring an additional 220 shares during the period. Janney Montgomery Scott LLC grew its position in Hexcel by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock worth $2,728,000 after acquiring an additional 232 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Hexcel by 5.0% during the 4th quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock worth $310,000 after acquiring an additional 236 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research note 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 note on Friday, April 11th. Wells Fargo & Company dropped 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. Barclays dropped their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Hexcel currently has a consensus rating of "Hold" and an average target price of $61.20.

Hexcel Trading Down 0.3%

Shares of NYSE HXL traded down $0.14 during midday trading on Friday, hitting $53.25. The stock had a trading volume of 228,320 shares, compared to its average volume of 969,714. The company's 50-day simple moving average is $52.09 and its 200 day simple moving average is $59.11. The firm has a market cap of $4.28 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

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

Hexcel Dividend Announcement

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

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.