Hexcel Co. (NYSE:HXL) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Hexcel Co. (NYSE:HXL) by 52.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 586,217 shares of the aerospace company’s stock after buying an additional 200,722 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hexcel were worth $36,246,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HXL. Summit Financial LLC raised its holdings in Hexcel by 2.9% in the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after purchasing an additional 153 shares during the period. Huntington National Bank raised its stake in shares of Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after buying an additional 225 shares during the period. GAMMA Investing LLC lifted its position in shares of Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after buying an additional 276 shares in the last quarter. NBW Capital LLC grew 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 valued at $1,702,000 after acquiring an additional 302 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Hexcel by 0.6% in the 2nd quarter. Fifth Third Bancorp now owns 52,574 shares of the aerospace company’s stock worth $3,283,000 after acquiring an additional 315 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Price Performance

Shares of HXL stock opened at $63.39 on Friday. 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 company has a market capitalization of $5.13 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The firm’s 50-day moving average is $61.12 and its two-hundred day moving average is $63.39. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm 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 business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

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 0.95%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HXL shares. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. UBS Group increased their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.58.

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.