Hexcel Co. (NYSE:HXL) Shares Sold by Man Group plc

Man Group plc lowered its position in Hexcel Co. (NYSE:HXL - Free Report) by 25.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,552 shares of the aerospace company's stock after selling 104,399 shares during the quarter. Man Group plc owned 0.38% of Hexcel worth $19,221,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes 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 acquired a new position in Hexcel during the 4th quarter worth $49,000. Manchester Capital Management LLC grew 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 worth $53,000 after acquiring an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel in the 4th quarter worth about $57,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Hexcel in the 4th quarter valued at about $66,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HXL. Barclays cut their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Royal Bank of Canada lowered their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective 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 raised shares of Hexcel to a "hold" rating in a report on Monday, February 24th. Finally, Wall Street Zen lowered shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Hexcel has an average rating of "Hold" and a consensus target price of $61.20.

Hexcel Stock Performance

NYSE:HXL traded down $0.06 during midday trading on Thursday, reaching $51.83. 225,845 shares of the company traded hands, compared to its average volume of 961,125. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The company has a fifty day moving average price of $52.68 and a 200 day moving average price of $59.48. 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 Co. has a twelve month low of $45.28 and a twelve month high of $71.72.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results 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). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

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