Charles Schwab Investment Management Inc. Has $65.59 Million Holdings in Hexcel Co. (NYSE:HXL)

Charles Schwab Investment Management Inc. increased its stake in shares of Hexcel Co. (NYSE:HXL) by 1.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,060,727 shares of the aerospace company’s stock after acquiring an additional 10,479 shares during the period. Charles Schwab Investment Management Inc. owned 1.31% of Hexcel worth $65,585,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Hexcel by 151.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after purchasing an additional 207,434 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Hexcel in the 1st quarter worth $245,000. Tidal Investments LLC lifted its position in Hexcel by 40.6% during the 1st quarter. Tidal Investments LLC now owns 5,415 shares of the aerospace company’s stock worth $394,000 after acquiring an additional 1,564 shares during the last quarter. Cetera Advisors LLC bought a new stake in Hexcel during the first quarter valued at about $394,000. Finally, Westwood Holdings Group Inc. grew its position in shares of Hexcel by 23.3% in the first quarter. Westwood Holdings Group Inc. now owns 234,556 shares of the aerospace company’s stock valued at $17,087,000 after purchasing an additional 44,340 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Up 0.7 %

Shares of NYSE HXL opened at $62.66 on Friday. Hexcel Co. has a 52-week low of $57.50 and a 52-week high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The business has a fifty day moving average of $61.09 and a two-hundred day moving average of $63.40. The stock has a market cap of $5.08 billion, a PE ratio of 47.83, a PEG ratio of 1.94 and a beta of 1.30.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HXL. BMO Capital Markets decreased their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average price target of $70.58.

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.