Hexcel Co. (NYSE:HXL) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its holdings in Hexcel Co. (NYSE:HXL) by 57.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,558 shares of the aerospace company’s stock after selling 284,765 shares during the period. Squarepoint Ops LLC owned about 0.26% of Hexcel worth $13,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Huntington National Bank lifted its holdings 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 purchasing an additional 204 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in 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 buying an additional 218 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Hexcel by 0.6% in 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 buying an additional 220 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Hexcel by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock worth $2,728,000 after buying an additional 232 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake 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 buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Up 0.3%

Shares of HXL opened at $52.06 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $52.58 and a 200 day moving average price of $59.43. Hexcel Co. has a 12-month low of $45.28 and a 12-month high of $71.72. The firm has a market capitalization of $4.19 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The firm had revenue of $456.50 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts forecast that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm 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. The ex-dividend date was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.31%. Hexcel’s dividend payout ratio (DPR) is 45.03%.

Analysts Set New Price Targets

A number of brokerages have commented on HXL. Royal Bank of Canada reduced their target price on Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. BMO Capital Markets decreased their price objective on Hexcel from $72.00 to $52.00 and set a “market perform” rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley dropped their target price on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a report on Friday, April 11th. Wall Street Zen cut shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. Finally, Barclays lowered their price target on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.20.

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.