Hexcel Co. (NYSE:HXL) Shares Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC boosted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 34.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 973,352 shares of the aerospace company's stock after buying an additional 251,062 shares during the quarter. Hexcel accounts for approximately 1.2% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 22nd largest position. Ceredex Value Advisors LLC owned 1.20% of Hexcel worth $60,182,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Summit Financial LLC increased its position in Hexcel by 2.9% during the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company's stock valued at $335,000 after purchasing an additional 153 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Hexcel by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company's stock valued at $542,000 after acquiring an additional 182 shares during the period. Bleakley Financial Group LLC raised its position in shares of Hexcel by 6.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company's stock worth $212,000 after acquiring an additional 187 shares in the last quarter. Centerpoint Advisors LLC grew its stake in Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 223 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Hexcel by 34.8% during 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 during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

HXL traded up $0.30 during midday trading on Friday, hitting $58.84. 920,038 shares of the company were exchanged, compared to its average volume of 878,131. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 44.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.30. Hexcel Co. has a 1-year low of $57.50 and a 1-year high of $77.09. The company's 50 day simple moving average is $61.40 and its 200 day simple moving average is $64.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data 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 return on equity of 9.99% and a net margin of 5.73%. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The business's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Hexcel Co. will post 2.04 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be given a $0.15 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. Hexcel's dividend payout ratio (DPR) is currently 45.80%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Royal Bank of Canada lowered Hexcel from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. UBS Group increased their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday. Finally, StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Hexcel presently has an average rating of "Hold" and an average price target of $71.54.

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.