AlphaCrest Capital Management LLC Acquires 13,885 Shares of Hexcel Co. (NYSE:HXL)

AlphaCrest Capital Management LLC lifted its position in Hexcel Co. (NYSE:HXLGet Rating) by 199.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,855 shares of the aerospace company’s stock after acquiring an additional 13,885 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Hexcel were worth $1,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in Hexcel by 524.2% during the third quarter. First Horizon Advisors Inc. now owns 206 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 173 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Hexcel by 3.8% during the fourth quarter. Kestra Advisory Services LLC now owns 5,217 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 191 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Hexcel by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the aerospace company’s stock valued at $1,119,000 after purchasing an additional 200 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Hexcel by 5.5% during the third quarter. Moneta Group Investment Advisors LLC now owns 3,890 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 204 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Hexcel by 3.9% during the fourth quarter. Brown Advisory Inc. now owns 7,420 shares of the aerospace company’s stock valued at $384,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

HXL stock opened at $53.05 on Friday. The company has a current ratio of 2.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $56.28 and its 200 day moving average is $55.29. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 93.07 and a beta of 1.25. Hexcel Co. has a 1-year low of $46.77 and a 1-year high of $64.99.

Hexcel (NYSE:HXLGet Rating) last posted its quarterly earnings data on Monday, April 25th. The aerospace company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. Hexcel had a net margin of 3.41% and a return on equity of 3.36%. The company had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $372.46 million. During the same period in the prior year, the business earned ($0.10) earnings per share. Hexcel’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Hexcel Co. will post 1.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, May 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, May 5th. Hexcel’s payout ratio is currently 70.18%.

Several equities research analysts have commented on HXL shares. Royal Bank of Canada upped their price objective on shares of Hexcel from $55.00 to $60.00 in a report on Wednesday, April 27th. Morgan Stanley upped their price target on Hexcel from $55.00 to $57.00 and gave the company an “underweight” rating in a research report on Friday, January 28th. Bank of America upgraded Hexcel from an “underperform” rating to a “buy” rating and upped their price target for the company from $45.00 to $65.00 in a research report on Wednesday, May 4th. StockNews.com started coverage on Hexcel in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, UBS Group upgraded Hexcel from a “sell” rating to a “neutral” rating and set a $52.00 price target on the stock in a research report on Friday, January 28th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average price target of $56.70.

Hexcel Company Profile (Get Rating)

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through 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, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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