Robecosam AG boosted its holdings in Hexcel Co. (NYSE:HXL) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 372,000 shares of the aerospace company’s stock after purchasing an additional 43,800 shares during the period. Hexcel comprises 1.5% of Robecosam AG’s holdings, making the stock its 15th largest position. Robecosam AG owned approximately 0.41% of Hexcel worth $23,153,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its position in Hexcel by 1.1% in the fourth quarter. BlackRock Inc. now owns 5,258,284 shares of the aerospace company’s stock worth $325,224,000 after purchasing an additional 56,260 shares during the last quarter. Earnest Partners LLC boosted its position in Hexcel by 0.7% in the third quarter. Earnest Partners LLC now owns 2,806,392 shares of the aerospace company’s stock worth $161,143,000 after purchasing an additional 18,602 shares during the last quarter. Schroder Investment Management Group boosted its position in Hexcel by 10.9% in the fourth quarter. Schroder Investment Management Group now owns 2,238,178 shares of the aerospace company’s stock worth $138,432,000 after purchasing an additional 219,383 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Hexcel by 1.0% in the fourth quarter. Eagle Asset Management Inc. now owns 2,092,053 shares of the aerospace company’s stock worth $129,809,000 after purchasing an additional 21,337 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Hexcel by 6.1% in the third quarter. Brown Advisory Inc. now owns 1,884,626 shares of the aerospace company’s stock worth $108,216,000 after purchasing an additional 108,285 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on HXL shares. Credit Suisse Group reissued a “neutral” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Hexcel in a research report on Wednesday, December 13th. Stephens initiated coverage on Hexcel in a research report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 price target on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 price target on shares of Hexcel in a research report on Tuesday, November 14th. Zacks Investment Research cut Hexcel from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Finally, Loop Capital set a $64.00 price target on Hexcel and gave the company a “hold” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.90.
Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $511.70 million for the quarter, compared to analysts’ expectations of $506.70 million. Hexcel had a return on equity of 17.86% and a net margin of 14.39%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. sell-side analysts forecast that Hexcel Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.72%. Hexcel’s dividend payout ratio (DPR) is 16.18%.
In related news, CEO Nick L. Stanage sold 27,174 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the sale, the chief executive officer now owns 181,637 shares of the company’s stock, valued at approximately $11,626,584.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nick L. Stanage sold 7,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total value of $434,070.00. Following the sale, the chief executive officer now directly owns 161,463 shares in the company, valued at approximately $10,012,320.63. The disclosure for this sale can be found here. Insiders have sold a total of 77,174 shares of company stock worth $4,864,978 in the last three months. 2.10% of the stock is currently owned by insiders.
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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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