Hexcel Co. (NYSE:HXL) Holdings Reduced by Fifth Third Bancorp

Fifth Third Bancorp lessened its stake in Hexcel Co. (NYSE:HXL - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,975 shares of the aerospace company's stock after selling 10,467 shares during the period. Fifth Third Bancorp owned about 0.05% of Hexcel worth $2,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HXL. American Century Companies Inc. raised its stake in Hexcel by 5.8% during the second quarter. American Century Companies Inc. now owns 21,718 shares of the aerospace company's stock worth $1,356,000 after buying an additional 1,197 shares during the last quarter. Bank of Montreal Can raised its position in shares of Hexcel by 46.0% in the 2nd quarter. Bank of Montreal Can now owns 85,450 shares of the aerospace company's stock worth $5,382,000 after acquiring an additional 26,909 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Hexcel during the 2nd quarter valued at about $9,989,000. Millennium Management LLC grew its stake in Hexcel by 307.1% during the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company's stock worth $67,421,000 after purchasing an additional 814,402 shares during the period. Finally, Algert Global LLC bought a new stake in Hexcel in the second quarter worth approximately $2,098,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HXL. Wells Fargo & Company increased their price target on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday. Vertical Research cut shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price target for the company. in a report on Thursday, October 10th. TD Cowen upgraded shares of Hexcel to a "hold" rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their target price on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday, November 21st. Finally, StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hexcel presently has a consensus rating of "Hold" and a consensus price target of $73.25.

Hexcel Trading Down 0.3 %

Shares of NYSE:HXL traded down $0.22 during trading on Tuesday, reaching $66.91. The company's stock had a trading volume of 1,603,466 shares, compared to its average volume of 1,530,157. The stock has a market capitalization of $5.42 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The firm's 50 day simple moving average is $64.05 and its two-hundred day simple moving average is $62.70.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. On average, research analysts predict that Hexcel Co. will post 2.34 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.17 per share. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.02%. Hexcel's dividend payout ratio is presently 37.74%.

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.