Hexcel Co. (NYSE:HXL) Shares Acquired by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 191.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,658 shares of the aerospace company's stock after acquiring an additional 235,025 shares during the period. Frontier Capital Management Co. LLC owned 0.44% of Hexcel worth $22,425,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Earnest Partners LLC raised its holdings in shares of Hexcel by 0.8% in the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after buying an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Hexcel by 4,372.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock worth $156,919,000 after purchasing an additional 2,446,716 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Hexcel by 24.7% in 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 purchasing an additional 395,744 shares during the period. Sei Investments Co. grew its holdings in Hexcel by 9.0% during the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock valued at $92,938,000 after purchasing an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Hexcel by 1.7% during the fourth 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 in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of NYSE HXL traded up $0.34 during trading on Wednesday, reaching $53.92. 668,187 shares of the company traded hands, compared to its average volume of 954,837. The firm's fifty day simple moving average is $53.03 and its 200 day simple moving average is $59.76. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $73.24. The stock has a market cap of $4.34 billion, a P/E ratio of 33.91, a PEG ratio of 1.72 and a beta of 1.28.

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

Hexcel Dividend Announcement

The firm also recently disclosed 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 yield of 1.26%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio is presently 45.03%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HXL shares. Barclays reduced their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. BMO Capital Markets decreased their target price on shares of 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 cut 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. Morgan Stanley decreased their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Finally, StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.20.

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.