Barclays PLC Buys 17,011 Shares of Hexcel Co. (NYSE:HXL)

Barclays PLC lifted its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 32.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,023 shares of the aerospace company's stock after buying an additional 17,011 shares during the period. Barclays PLC owned approximately 0.09% of Hexcel worth $4,330,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HXL. MML Investors Services LLC boosted its holdings in shares of Hexcel by 4.1% during the 3rd quarter. MML Investors Services LLC now owns 37,673 shares of the aerospace company's stock valued at $2,329,000 after acquiring an additional 1,497 shares during the last quarter. Pier Capital LLC lifted its position in Hexcel by 0.5% during the third quarter. Pier Capital LLC now owns 117,353 shares of the aerospace company's stock valued at $7,256,000 after purchasing an additional 554 shares during the period. iSAM Funds UK Ltd boosted its holdings in Hexcel by 60.1% in the third quarter. iSAM Funds UK Ltd now owns 8,300 shares of the aerospace company's stock worth $513,000 after purchasing an additional 3,115 shares during the last quarter. Insigneo Advisory Services LLC grew its position in Hexcel by 3.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company's stock worth $300,000 after purchasing an additional 172 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in Hexcel by 3.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 40,444 shares of the aerospace company's stock valued at $2,441,000 after buying an additional 1,407 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen upgraded Hexcel to a "hold" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. Vertical Research lowered Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. BMO Capital Markets lowered their target price on Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, October 28th. Finally, UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $71.33.

Hexcel Price Performance

HXL traded down $0.53 during trading on Friday, reaching $62.53. 2,246,498 shares of the company traded hands, compared to its average volume of 872,976. Hexcel Co. has a 12-month low of $57.50 and a 12-month high of $77.09. The firm has a fifty day simple moving average of $61.99 and a 200 day simple moving average of $62.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The company has a market cap of $5.07 billion, a P/E ratio of 47.73, a PEG ratio of 1.96 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million for the quarter, compared to analysts' expectations of $457.07 million. During the same quarter in the previous year, the company earned $0.38 EPS. The business's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts forecast that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Hexcel's dividend payout ratio is currently 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.