Hexcel Co. (NYSE:HXL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Hexcel Co. (NYSE:HXL - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 794,209 shares of the aerospace company's stock after acquiring an additional 11,190 shares during the period. Charles Schwab Investment Management Inc. owned 0.94% of Hexcel worth $58,573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HXL. Earnest Partners LLC increased its position in shares of Hexcel by 1.1% during the third quarter. Earnest Partners LLC now owns 4,344,230 shares of the aerospace company's stock worth $282,983,000 after purchasing an additional 47,591 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Hexcel by 18.8% during the third quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company's stock worth $95,254,000 after acquiring an additional 231,207 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Hexcel by 6.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,377,915 shares of the aerospace company's stock valued at $101,621,000 after acquiring an additional 81,389 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Hexcel by 5.5% in the third quarter. Sei Investments Co. now owns 1,053,735 shares of the aerospace company's stock worth $68,640,000 after buying an additional 55,384 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in Hexcel by 46.7% during the 3rd quarter. TimesSquare Capital Management LLC now owns 778,775 shares of the aerospace company's stock worth $50,729,000 after acquiring an additional 248,045 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hexcel

In related news, Director Catherine A. Suever acquired 400 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the acquisition, the director now owns 15,748 shares in the company, valued at approximately $1,076,060.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Catherine A. Suever acquired 400 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $68.33 per share, for a total transaction of $27,332.00. Following the acquisition, the director now owns 15,748 shares of the company's stock, valued at $1,076,060.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nick L. Stanage bought 15,000 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $64.29 per share, for a total transaction of $964,350.00. Following the purchase, the chief executive officer now owns 392,446 shares in the company, valued at approximately $25,230,353.34. The disclosure for this purchase can be found here. Insiders purchased a total of 43,400 shares of company stock worth $2,820,322 over the last three months. Insiders own 1.39% of the company's stock.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of recent research reports. Morgan Stanley downgraded Hexcel from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $70.00 to $66.00 in a research note on Thursday, February 22nd. StockNews.com cut Hexcel from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Bank of America reiterated an "underperform" rating and issued a $65.00 target price (down previously from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. BMO Capital Markets boosted their price target on Hexcel from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus decreased their price objective on Hexcel from $90.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hexcel presently has an average rating of "Hold" and an average target price of $77.57.

Hexcel Trading Down 0.7 %

NYSE:HXL traded down $0.48 on Friday, hitting $71.96. The stock had a trading volume of 469,452 shares, compared to its average volume of 946,816. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 61.51, a PEG ratio of 1.49 and a beta of 1.25. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $69.15 and a two-hundred day moving average price of $69.94. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $472.30 million during the quarter, compared to analysts' expectations of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Equities research analysts expect that Hexcel Co. will post 2.21 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 51.28%.

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.