MQS Management LLC Sells 2,552 Shares of Hexcel Co. (NYSE:HXL)

MQS Management LLC lessened its position in shares of Hexcel Co. (NYSE:HXL) by 41.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,586 shares of the aerospace company’s stock after selling 2,552 shares during the period. MQS Management LLC’s holdings in Hexcel were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HXL. Summit Financial LLC lifted its holdings in Hexcel by 2.9% during the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock valued at $335,000 after purchasing an additional 153 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Hexcel by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock valued at $542,000 after purchasing an additional 182 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Hexcel by 6.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock valued at $212,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 276 shares during the period. Finally, NBW Capital LLC boosted its stake in Hexcel by 1.1% in the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after purchasing an additional 302 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

HXL has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft decreased their target price on Hexcel from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.54.

Hexcel Stock Down 0.8 %

Shares of HXL opened at $59.54 on Friday. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a 50 day simple moving average of $61.12 and a two-hundred day simple moving average of $63.94. The firm has a market cap of $4.82 billion, a P/E ratio of 45.45, a P/E/G ratio of 1.81 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. Hexcel’s dividend payout ratio is currently 45.80%.

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.