Boston Partners Has $15.37 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

Boston Partners lessened its holdings in shares of Hexcel Co. (NYSE:HXL) by 88.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 210,914 shares of the aerospace company’s stock after selling 1,658,631 shares during the period. Boston Partners owned 0.25% of Hexcel worth $15,365,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in Hexcel in the 4th quarter valued at $2,185,000. Sequoia Financial Advisors LLC bought a new stake in Hexcel during the 4th quarter worth about $2,362,000. Evoke Wealth LLC bought a new stake in Hexcel during the 4th quarter worth about $2,036,000. Ceredex Value Advisors LLC lifted its position in Hexcel by 16.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock worth $16,019,000 after buying an additional 30,652 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in Hexcel by 32.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock worth $5,897,000 after buying an additional 19,736 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Northcoast Research cut shares of Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Stifel Nicolaus lowered their price objective on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Royal Bank of Canada restated an “outperform” rating and set a $76.00 price objective on shares of Hexcel in a research note on Friday, June 14th. Wells Fargo & Company upgraded shares of Hexcel from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $81.00 to $95.00 in a research note on Wednesday, May 8th. Finally, Morgan Stanley lowered their price objective on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Hexcel has a consensus rating of “Hold” and an average price target of $75.71.

Hexcel Price Performance

NYSE:HXL traded down $2.07 during mid-day trading on Friday, hitting $62.21. 1,161,211 shares of the stock traded hands, compared to its average volume of 980,234. The business’s 50-day moving average price is $65.09 and its 200 day moving average price is $68.52. The company has a market cap of $5.09 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $77.09. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $500.40 million for the quarter, compared to analyst estimates of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, analysts expect that Hexcel Co. will post 2.09 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, August 2nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, August 2nd. Hexcel’s payout ratio is 51.28%.

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.