Rockefeller Capital Management L.P. Has $12.70 Million Stake in Hexcel Co. (NYSE:HXL)

Rockefeller Capital Management L.P. increased its position in Hexcel Co. (NYSE:HXL) by 588.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 205,458 shares of the aerospace company’s stock after purchasing an additional 175,608 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.25% of Hexcel worth $12,704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after acquiring an additional 1,246,765 shares during the period. Millennium Management LLC raised its position in Hexcel by 307.1% in the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after purchasing an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares during the period. Ceredex Value Advisors LLC boosted its holdings in Hexcel by 280.7% during the second quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Trading Up 0.9 %

Shares of HXL opened at $63.98 on Tuesday. The stock’s fifty day simple moving average is $61.17 and its 200-day simple moving average is $63.20. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $5.18 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. As a group, research analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

Analyst Ratings Changes

HXL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. UBS Group boosted their target price on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Wells Fargo & Company upped their price objective on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Hexcel presently has an average rating of “Hold” and an average target price of $70.58.

About Hexcel

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.