Swiss National Bank Sells 1,200 Shares of Hexcel Co. (NYSE:HXL)

Swiss National Bank lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 0.7% during the third quarter, Holdings Channel.com reports. The fund owned 162,300 shares of the aerospace company’s stock after selling 1,200 shares during the period. Swiss National Bank’s holdings in Hexcel were worth $10,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HXL. Capital Performance Advisors LLP bought a new position in shares of Hexcel in the third quarter worth $56,000. Huntington National Bank grew its stake in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after buying an additional 225 shares in the last quarter. Eastern Bank bought a new position in Hexcel in the 3rd quarter valued at about $62,000. GAMMA Investing LLC raised its position in shares of Hexcel by 34.8% in 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. Finally, Whittier Trust Co. lifted its holdings in shares of Hexcel by 38.9% during the 3rd quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock worth $92,000 after acquiring an additional 417 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Thursday, October 10th. Wells Fargo & Company upped their target price on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group lifted their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.31.

Hexcel Stock Performance

NYSE:HXL opened at $61.19 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a 50 day simple moving average of $60.97 and a two-hundred day simple moving average of $63.54. The company has a market capitalization of $4.96 billion, a PE ratio of 46.71, a P/E/G ratio of 1.76 and a beta of 1.30.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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%. Hexcel’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. Research analysts anticipate that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently disclosed 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 0.98%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio is 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.