Hexcel Corporation (NYSE:HXL) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Hexcel Corporation (NYSE:HXL) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,217 shares of the aerospace company’s stock after selling 21,618 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Hexcel worth $3,571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HXL. NBC Securities Inc. acquired a new position in shares of Hexcel during the first quarter valued at $61,000. Parvin Asset Management LLC acquired a new position in shares of Hexcel during the fourth quarter valued at $66,000. Farther Finance Advisors LLC boosted its holdings in shares of Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 499 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Hexcel by 95.3% during the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 1,125 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Hexcel by 698.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 2,061 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of NYSE HXL opened at $63.94 on Thursday. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 59.20, a PEG ratio of 2.05 and a beta of 1.36. The firm has a 50-day moving average of $58.46 and a two-hundred day moving average of $57.13.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same period in the prior year, the company earned $0.60 EPS. Hexcel’s revenue was down 2.1% on a year-over-year basis. As a group, analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 8th. Hexcel’s dividend payout ratio is presently 62.96%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. UBS Group upped their price objective on shares of Hexcel from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Morgan Stanley upped their price objective on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. BMO Capital Markets upped their price objective on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Sunday, April 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.33.

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.