Hexcel Co. (NYSE:HXL) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,028,690 shares of the aerospace company's stock after selling 15,328 shares during the period. Loomis Sayles & Co. L P owned approximately 1.27% of Hexcel worth $63,603,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Summit Financial LLC boosted its stake in shares of Hexcel by 2.9% during the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company's stock worth $335,000 after acquiring an additional 153 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Hexcel by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company's stock worth $542,000 after purchasing an additional 182 shares in the last quarter. Huntington National Bank grew its holdings in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 225 shares during the period. GAMMA Investing LLC increased its position in shares of Hexcel by 34.8% in the second 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, NBW Capital LLC raised its stake in shares of Hexcel by 1.1% during the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company's stock worth $1,702,000 after buying an additional 302 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Trading Up 2.4 %

Shares of HXL traded up $1.45 during mid-day trading on Monday, reaching $62.64. The stock had a trading volume of 1,109,051 shares, compared to its average volume of 868,408. The business's fifty day moving average is $60.97 and its 200 day moving average is $63.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 1.89 and a beta of 1.30. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $457.00 million during 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%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, sell-side analysts predict that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared 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 0.96%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is 45.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a research note on Monday, October 28th. Vertical Research cut shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 target price for the company. in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research note on Thursday. Wells Fargo & Company boosted 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. Finally, StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Two 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $71.31.

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.