BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Hexcel Corporation (NYSE:HXL) by 39.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,000 shares of the aerospace company’s stock after selling 75,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.13% of Hexcel Corporation worth $6,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Hexcel Corporation by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 562,579 shares of the aerospace company’s stock worth $30,689,000 after buying an additional 17,309 shares during the last quarter. US Bancorp DE boosted its position in shares of Hexcel Corporation by 5.1% in the first quarter. US Bancorp DE now owns 19,691 shares of the aerospace company’s stock worth $1,074,000 after buying an additional 955 shares during the last quarter. Tygh Capital Management Inc. boosted its position in shares of Hexcel Corporation by 32.2% in the first quarter. Tygh Capital Management Inc. now owns 106,291 shares of the aerospace company’s stock worth $5,798,000 after buying an additional 25,871 shares during the last quarter. Princeton Alpha Management LP bought a new position in shares of Hexcel Corporation during the first quarter worth about $244,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of Hexcel Corporation during the first quarter worth about $229,000.

Shares of Hexcel Corporation (HXL) opened at 52.37 on Monday. The firm’s 50-day moving average price is $53.15 and its 200 day moving average price is $52.57. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 19.18 and a beta of 1.04. Hexcel Corporation has a 12-month low of $41.03 and a 12-month high of $55.91.

Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.02. The company had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. Hexcel Corporation’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. On average, analysts predict that Hexcel Corporation will post $2.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.125 per share. This is an increase from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, August 1st. Hexcel Corporation’s dividend payout ratio (DPR) is currently 18.32%.

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A number of brokerages have issued reports on HXL. Jefferies Group LLC reiterated a “hold” rating and set a $50.00 price objective (down previously from $52.00) on shares of Hexcel Corporation in a research note on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and set a $57.00 price objective on shares of Hexcel Corporation in a research note on Monday, July 24th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 price objective on shares of Hexcel Corporation in a research note on Monday, July 24th. BidaskClub raised Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Vertical Research lowered Hexcel Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $58.00 to $54.00 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.89.

Hexcel Corporation Company Profile

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

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Institutional Ownership by Quarter for Hexcel Corporation (NYSE:HXL)

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