UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Hexcel Co. (NYSE:HXL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Hexcel Co. (NYSE:HXL - Free Report) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,643 shares of the aerospace company's stock after selling 19,108 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Hexcel worth $13,333,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HXL. Capital Performance Advisors LLP bought a new stake in shares of Hexcel during the 3rd quarter valued at $56,000. First Horizon Advisors Inc. increased its stake in Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after buying an additional 326 shares in the last quarter. Huntington National Bank raised its holdings in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 225 shares during the period. Eastern Bank purchased a new position in shares of Hexcel in the third quarter valued at about $62,000. Finally, Whittier Trust Co. grew its position in shares of Hexcel by 38.9% during the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company's stock worth $92,000 after purchasing an additional 417 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets lowered their price target on Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, October 28th. UBS Group upped their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company increased their price objective on shares of Hexcel from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada cut Hexcel from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $70.58.

Hexcel Trading Down 0.3 %

Shares of NYSE:HXL traded down $0.17 during trading on Friday, hitting $62.55. The company had a trading volume of 643,644 shares, compared to its average volume of 674,063. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.30. 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 company has a fifty day simple moving average of $61.37 and a two-hundred day simple moving average of $62.99. Hexcel Co. has a one year low of $57.50 and a one year high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last posted 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 net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. During the same period in the previous year, the firm earned $0.38 earnings per share. Hexcel's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel's payout ratio is currently 45.80%.

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.