Shay Capital LLC Acquires New Position in Hexcel Co. (NYSE:HXL)

Shay Capital LLC purchased a new stake in Hexcel Co. (NYSE:HXL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,000 shares of the aerospace company’s stock, valued at approximately $690,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HXL. Earnest Partners LLC lifted its holdings in shares of Hexcel by 0.8% in the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock worth $301,991,000 after buying an additional 37,442 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Hexcel by 4,372.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock worth $156,919,000 after acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Hexcel by 24.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock worth $125,172,000 after acquiring an additional 395,744 shares in the last quarter. Sei Investments Co. increased its position in Hexcel by 9.0% during the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock valued at $92,938,000 after purchasing an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock valued at $90,104,000 after purchasing an additional 24,393 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HXL shares. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Wells Fargo & Company cut their price target on Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets reduced their price target on Hexcel from $72.00 to $52.00 and set a “market perform” rating for the company in a research report on Wednesday, April 23rd. UBS Group dropped their price objective on Hexcel from $53.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Finally, StockNews.com 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 issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average target price of $61.20.

Hexcel Price Performance

Shares of HXL stock opened at $54.07 on Friday. Hexcel Co. has a fifty-two week low of $45.28 and a fifty-two week high of $72.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.72 and a beta of 1.28. The stock’s 50-day simple moving average is $52.89 and its 200-day simple moving average is $59.66.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The company had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, equities analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.17 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. Hexcel’s dividend payout ratio is presently 45.03%.

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.