Mercer Global Advisors Inc. ADV Decreases Stake in Hexcel Co. (NYSE:HXL)

Mercer Global Advisors Inc. ADV lessened its stake in Hexcel Co. (NYSE:HXL) by 40.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,627 shares of the aerospace company’s stock after selling 2,478 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Hexcel were worth $227,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in HXL. Stifel Financial Corp lifted its stake in Hexcel by 12.9% during the fourth quarter. Stifel Financial Corp now owns 161,401 shares of the aerospace company’s stock worth $11,904,000 after purchasing an additional 18,393 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Hexcel by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 37,377 shares of the aerospace company’s stock worth $2,757,000 after purchasing an additional 370 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in Hexcel by 88,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,649 shares of the aerospace company’s stock worth $195,000 after purchasing an additional 2,646 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Hexcel during the fourth quarter worth approximately $442,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Hexcel by 7.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 453,176 shares of the aerospace company’s stock worth $33,422,000 after purchasing an additional 31,016 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

HXL has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Morgan Stanley cut their price target on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. UBS Group dropped their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Finally, Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.46.

Hexcel Price Performance

HXL stock opened at $61.83 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. Hexcel Co. has a 1 year low of $58.54 and a 1 year high of $77.09. The firm has a market cap of $5.14 billion, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. The stock has a 50-day simple moving average of $62.21 and a 200-day simple moving average of $65.53.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. Hexcel’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, equities analysts predict that Hexcel Co. will post 2.08 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, August 2nd. Hexcel’s dividend payout ratio is currently 51.28%.

Hexcel Company Profile

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.