Intech Investment Management LLC Acquires 66,943 Shares of Hexcel Co. (NYSE:HXL)

Intech Investment Management LLC raised its holdings in Hexcel Co. (NYSE:HXL) by 928.7% in the third quarter, Holdings Channel.com reports. The fund owned 74,151 shares of the aerospace company’s stock after acquiring an additional 66,943 shares during the quarter. Intech Investment Management LLC’s holdings in Hexcel were worth $4,585,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after purchasing an additional 1,246,765 shares during the last quarter. Millennium Management LLC lifted its position in shares of 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 buying an additional 814,402 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Hexcel by 215.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after acquiring an additional 590,975 shares in the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of Hexcel by 280.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after acquiring an additional 532,550 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Hexcel by 151.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after acquiring an additional 207,434 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Trading Up 2.8 %

Shares of HXL opened at $61.20 on Friday. The stock’s 50-day moving average price is $60.97 and its 200 day moving average price is $63.66. 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 $4.96 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 1.73 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 released 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 business had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, research analysts predict 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%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HXL. UBS Group upped their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets decreased their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Finally, Wells Fargo & Company lifted their price objective on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Two equities 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’s stock. Based on data from MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus price target of $71.31.

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.