Hexcel Co. (NYSE:HXL) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Hexcel Co. (NYSE:HXL) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437,058 shares of the aerospace company’s stock after buying an additional 24,393 shares during the period. Dimensional Fund Advisors LP owned approximately 1.77% of Hexcel worth $90,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in Hexcel by 24.7% during 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 buying an additional 395,744 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Hexcel by 9.0% in 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. Brandes Investment Partners LP increased its holdings in shares of Hexcel by 99.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock valued at $81,803,000 after purchasing an additional 651,062 shares during the period. American Century Companies Inc. increased its holdings in shares of Hexcel by 66.9% in the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock valued at $75,123,000 after purchasing an additional 480,207 shares during the period. Finally, Channing Capital Management LLC increased its holdings in shares of Hexcel by 10.3% in the fourth quarter. Channing Capital Management LLC now owns 1,128,681 shares of the aerospace company’s stock valued at $70,768,000 after purchasing an additional 105,510 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HXL. BMO Capital Markets cut 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 lowered their target price on Hexcel from $61.00 to $50.00 and set an “underperform” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company lowered their target price 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. UBS Group lowered their target price on Hexcel from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus target price of $61.20.

Hexcel Stock Performance

Shares of HXL stock opened at $50.52 on Tuesday. The company has a market capitalization of $4.06 billion, a P/E ratio of 31.77, a P/E/G ratio of 1.72 and a beta of 1.08. The business’s 50 day moving average is $55.39 and its two-hundred day moving average is $60.64. 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 $73.58.

Hexcel (NYSE:HXL) last issued its quarterly 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). The business had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the prior year, the company posted $0.44 EPS. 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 will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. Hexcel’s dividend payout ratio (DPR) is presently 45.03%.

Hexcel Company 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.