Los Angeles Capital Management & Equity Research Inc. Grows Position in Hexcel Co. (HXL)

Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Hexcel Co. (NYSE:HXL) by 532.4% during the third quarter, Holdings Channel reports. The institutional investor owned 445,700 shares of the aerospace company’s stock after buying an additional 375,220 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Hexcel were worth $29,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. grew its stake in shares of Hexcel by 0.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,189,058 shares of the aerospace company’s stock valued at $145,309,000 after purchasing an additional 6,908 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Hexcel by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 1,988,626 shares of the aerospace company’s stock valued at $132,005,000 after purchasing an additional 40,672 shares during the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of Hexcel by 79.2% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,893,456 shares of the aerospace company’s stock valued at $119,687,000 after purchasing an additional 836,560 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Hexcel by 3.4% in the 2nd quarter. Jennison Associates LLC now owns 1,453,512 shares of the aerospace company’s stock valued at $96,484,000 after purchasing an additional 47,849 shares during the last quarter. Finally, Ownership Capital B.V. grew its stake in shares of Hexcel by 0.6% in the 3rd quarter. Ownership Capital B.V. now owns 1,429,940 shares of the aerospace company’s stock valued at $95,877,000 after purchasing an additional 9,029 shares during the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

HXL opened at $61.61 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.12 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. Hexcel Co. has a 12 month low of $56.46 and a 12 month high of $73.42.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, October 22nd. The aerospace company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $540.50 million during the quarter, compared to analysts’ expectations of $545.88 million. Hexcel had a return on equity of 18.08% and a net margin of 13.95%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. As a group, research analysts forecast that Hexcel Co. will post 3.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, November 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. Hexcel’s dividend payout ratio is currently 22.39%.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Vertical Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, October 23rd. Credit Suisse Group lowered their target price on Hexcel from $70.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 24th. Cowen reiterated a “buy” rating and issued a $75.00 target price on shares of Hexcel in a research note on Monday, October 22nd. Finally, ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Hexcel presently has a consensus rating of “Hold” and a consensus target price of $72.75.

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Hexcel Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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