State Board of Administration of Florida Retirement System lowered its position in shares of Hexcel Co. (NYSE:HXL) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 98,492 shares of the aerospace company’s stock after selling 3,889 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Hexcel worth $6,604,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in 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 buying an additional 40,672 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Hexcel by 5.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 638,077 shares of the aerospace company’s stock valued at $42,356,000 after buying an additional 34,846 shares in the last quarter. Sei Investments Co. grew its position in Hexcel by 16.9% in the 2nd quarter. Sei Investments Co. now owns 94,868 shares of the aerospace company’s stock valued at $6,297,000 after buying an additional 13,741 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Hexcel in the 2nd quarter valued at about $698,000. Finally, BNP Paribas Arbitrage SA grew its position in Hexcel by 441.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,237 shares of the aerospace company’s stock valued at $148,000 after buying an additional 1,824 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

NYSE:HXL opened at $59.96 on Friday. Hexcel Co. has a twelve month low of $56.46 and a twelve month high of $73.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.58 and a quick ratio of 1.44. The stock has a market cap of $5.20 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 22nd. The aerospace company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. Hexcel had a net margin of 13.95% and a return on equity of 18.08%. The company had revenue of $540.50 million during the quarter, compared to analyst estimates of $545.88 million. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts expect that Hexcel Co. will post 3.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Hexcel’s dividend payout ratio (DPR) is 22.39%.

A number of equities analysts recently issued reports on HXL shares. Credit Suisse Group decreased their target price on shares of Hexcel from $70.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Zacks Investment Research lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. UBS Group assumed coverage on shares of Hexcel in a research report on Wednesday, August 15th. They set a “sell” rating and a $65.00 price objective for the company. ValuEngine upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Finally, Cowen restated a “buy” rating and set a $75.00 price objective on shares of Hexcel in a research report on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.75.

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About Hexcel

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.

See Also: Return on Investment (ROI)

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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