Snyder Capital Management L P Buys 33,646 Shares of Hexcel Co. (NYSE:HXL)

Snyder Capital Management L P grew its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 248,559 shares of the aerospace company's stock after buying an additional 33,646 shares during the quarter. Snyder Capital Management L P owned 0.31% of Hexcel worth $15,585,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel during the 4th quarter valued at $49,000. Manchester Capital Management LLC lifted its stake in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after purchasing an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Hexcel during the fourth quarter valued at about $57,000. Finally, Huntington National Bank lifted its stake in shares of Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HXL shares. BMO Capital Markets cut their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday. UBS Group dropped their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays decreased their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.20.

Hexcel Price Performance

HXL stock traded up $0.10 during midday trading on Friday, hitting $50.27. The company's stock had a trading volume of 919,342 shares, compared to its average volume of 960,375. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a 12 month low of $45.28 and a 12 month high of $73.58. The company has a 50 day moving average of $55.68 and a two-hundred day moving average of $60.71.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million during the quarter, compared to analysts' expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. Hexcel's dividend payout ratio is currently 45.03%.

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.