Quantitative Investment Management LLC boosted its holdings in shares of Hexcel Co. (NYSE:HXL) by 116.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,500 shares of the aerospace company’s stock after buying an additional 45,400 shares during the quarter. Quantitative Investment Management LLC owned approximately 0.09% of Hexcel worth $5,226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Rock Advisors LLC grew its position in Hexcel by 65.2% during the third quarter. Blue Rock Advisors LLC now owns 24,828 shares of the aerospace company’s stock valued at $1,425,000 after buying an additional 9,797 shares during the period. Atlantic Trust Group LLC grew its position in Hexcel by 48.8% during the third quarter. Atlantic Trust Group LLC now owns 198,102 shares of the aerospace company’s stock valued at $11,374,000 after buying an additional 65,000 shares during the period. Golden Gate Private Equity Inc. bought a new stake in Hexcel during the third quarter valued at approximately $5,558,000. Cornerstone Capital Management Holdings LLC. grew its position in Hexcel by 141.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 80,365 shares of the aerospace company’s stock valued at $4,613,000 after buying an additional 47,140 shares during the period. Finally, Putnam FL Investment Management Co. bought a new stake in Hexcel during the third quarter valued at approximately $6,267,000. Institutional investors own 95.90% of the company’s stock.
In other news, CEO Nick L. Stanage sold 27,174 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.01, for a total value of $1,739,407.74. Following the transaction, the chief executive officer now owns 181,637 shares of the company’s stock, valued at $11,626,584.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nick L. Stanage sold 18,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.00, for a total transaction of $1,116,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,463 shares in the company, valued at approximately $10,692,706. The disclosure for this sale can be found here. Insiders have sold 70,174 shares of company stock worth $4,430,908 in the last ninety days. Insiders own 2.10% of the company’s stock.
Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The business had revenue of $511.70 million for the quarter, compared to the consensus estimate of $506.70 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. equities research analysts forecast that Hexcel Co. will post 3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.73%. The ex-dividend date was Monday, February 5th. Hexcel’s dividend payout ratio is currently 16.18%.
Several analysts recently issued reports on HXL shares. Canaccord Genuity restated a “hold” rating and set a $62.00 target price on shares of Hexcel in a research report on Tuesday, November 14th. Stephens started coverage on shares of Hexcel in a research report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 target price for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $67.00 price target (up previously from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. Loop Capital set a $64.00 price target on shares of Hexcel and gave the company a “hold” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research downgraded shares of Hexcel from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.90.
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Hexcel Company Profile
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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