Swiss National Bank Sells 1,200 Shares of Hexcel Co. (NYSE:HXL)

Swiss National Bank cut its holdings in shares of Hexcel Co. (NYSE:HXL) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,300 shares of the aerospace company’s stock after selling 1,200 shares during the period. Swiss National Bank owned 0.20% of Hexcel worth $10,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of HXL. Thrivent Financial for Lutherans boosted its position in shares of Hexcel by 11.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 233,305 shares of the aerospace company’s stock worth $14,425,000 after purchasing an additional 24,776 shares during the last quarter. RiverPark Advisors LLC grew its position in shares of Hexcel by 26.0% during the 3rd quarter. RiverPark Advisors LLC now owns 6,693 shares of the aerospace company’s stock worth $414,000 after buying an additional 1,381 shares during the period. Natixis Advisors LLC increased its stake in shares of Hexcel by 21.7% in the 3rd quarter. Natixis Advisors LLC now owns 196,229 shares of the aerospace company’s stock valued at $12,133,000 after acquiring an additional 35,022 shares during the last quarter. ING Groep NV acquired a new stake in shares of Hexcel in the 3rd quarter valued at approximately $1,125,000. Finally, Huntington National Bank boosted its stake in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 225 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Up 2.8 %

NYSE:HXL opened at $61.19 on Monday. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $60.97 and its two-hundred day moving average price is $63.54.

Hexcel (NYSE:HXL) last issued its 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same period in the previous year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts expect that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

Analysts Set New Price Targets

Several research firms have weighed in on HXL. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. UBS Group lifted their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of 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 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.31.

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.