Copeland Capital Management LLC Buys 129,335 Shares of Hexcel Co. (NYSE:HXL)

Copeland Capital Management LLC grew its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,161,415 shares of the aerospace company's stock after acquiring an additional 129,335 shares during the quarter. Hexcel accounts for approximately 1.2% of Copeland Capital Management LLC's investment portfolio, making the stock its 25th largest position. Copeland Capital Management LLC owned 1.40% of Hexcel worth $71,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Hexcel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company's stock worth $576,556,000 after buying an additional 67,425 shares during the period. Earnest Partners LLC grew its stake in shares of Hexcel by 2.9% in the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company's stock worth $302,008,000 after purchasing an additional 136,290 shares during the last quarter. AQR Capital Management LLC increased its holdings in Hexcel by 277.9% in the second 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 period. Dimensional Fund Advisors LP raised its position in Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company's stock worth $87,829,000 after purchasing an additional 103,679 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Hexcel by 6.7% during the 1st quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company's stock worth $96,056,000 after buying an additional 82,473 shares during the period. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

HXL has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Hexcel from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, July 2nd. Morgan Stanley dropped their price target on shares of Hexcel from $63.00 to $61.00 and set an "underweight" rating on the stock in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hexcel from $65.00 to $62.00 and set a "hold" rating for the company in a research note on Thursday, October 3rd. BMO Capital Markets cut their price target on shares of Hexcel from $71.00 to $70.00 and set a "market perform" rating on the stock in a research report on Monday, September 30th. Finally, UBS Group lowered their price objective on Hexcel from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Hexcel has an average rating of "Hold" and an average price target of $73.08.

Hexcel Stock Up 1.2 %

HXL traded up $0.76 during trading on Tuesday, hitting $64.36. 2,058,713 shares of the company's stock were exchanged, compared to its average volume of 871,809. The stock has a market cap of $5.35 billion, a P/E ratio of 55.95, a PEG ratio of 1.38 and a beta of 1.29. The business's 50 day moving average is $61.59 and its two-hundred day moving average is $64.34. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 net margin of 5.78% and a return on equity of 9.55%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. As a group, equities analysts expect that Hexcel Co. will post 2.05 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.93%. Hexcel's dividend payout ratio (DPR) is currently 51.28%.

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.