Hexcel Co. (NYSE:HXL) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,330,380 shares of the aerospace company's stock after buying an additional 86,435 shares during the period. D. E. Shaw & Co. Inc. owned 1.64% of Hexcel worth $83,415,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after purchasing an additional 17,011 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hexcel by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock valued at $68,021,000 after buying an additional 24,133 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Hexcel in the fourth quarter valued at approximately $242,000. Kopion Asset Management LLC boosted its stake in shares of Hexcel by 11.2% in the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock valued at $6,142,000 after buying an additional 9,861 shares in the last quarter. Finally, Oak Thistle LLC boosted its stake in shares of Hexcel by 303.5% in the fourth quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company's stock valued at $1,202,000 after buying an additional 14,418 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Wells Fargo & Company decreased their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. TD Cowen upgraded Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada reduced their price objective on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group reduced their price objective on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.20.

Hexcel Price Performance

Shares of NYSE HXL traded up $2.48 during trading on Monday, reaching $54.07. The company had a trading volume of 1,098,461 shares, compared to its average volume of 954,055. Hexcel Co. has a twelve month low of $45.28 and a twelve month high of $73.24. The stock has a market capitalization of $4.35 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The stock has a 50-day moving average price of $53.24 and a two-hundred day moving average price of $59.86. 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 (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share 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 company had revenue of $456.50 million during the quarter, compared to analyst estimates of $482.18 million. During the same period last year, the firm earned $0.44 earnings per share. As a group, sell-side analysts predict that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

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 $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. Hexcel's dividend payout ratio (DPR) is 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.