Yousif Capital Management LLC Has $2.97 Million Position in Hexcel Co. (NYSE:HXL)

Yousif Capital Management LLC lowered its position in Hexcel Co. (NYSE:HXL) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,257 shares of the aerospace company’s stock after selling 227 shares during the period. Yousif Capital Management LLC’s holdings in Hexcel were worth $2,969,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HXL. GAMMA Investing LLC bought a new position in shares of Hexcel during the 4th quarter valued at about $53,000. Cetera Trust Company N.A acquired a new position in shares of Hexcel in the fourth quarter valued at approximately $30,000. Handelsbanken Fonder AB increased its position in shares of Hexcel by 4.0% during the fourth quarter. Handelsbanken Fonder AB now owns 12,974 shares of the aerospace company’s stock worth $957,000 after acquiring an additional 500 shares in the last quarter. Grandfield & Dodd LLC raised its holdings in shares of Hexcel by 1.1% during the fourth quarter. Grandfield & Dodd LLC now owns 319,747 shares of the aerospace company’s stock worth $23,581,000 after acquiring an additional 3,433 shares during the period. Finally, Xponance Inc. lifted its position in Hexcel by 1.8% in the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock valued at $756,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HXL. Morgan Stanley downgraded Hexcel from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $70.00 to $66.00 in a research note on Thursday, February 22nd. Barclays reduced their price target on Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. BMO Capital Markets lifted their price objective on shares of Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. The Goldman Sachs Group upped their target price on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Stifel Nicolaus cut their price objective on Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.57.

Hexcel Price Performance

Shares of Hexcel stock opened at $64.16 on Monday. The company has a 50-day simple moving average of $70.41 and a two-hundred day simple moving average of $69.43. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 54.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. Analysts forecast that Hexcel Co. will post 2.22 EPS for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Insider Buying and Selling

In other news, insider Thierry Merlot sold 4,500 shares of Hexcel stock in a transaction on Friday, February 9th. The stock was sold at an average price of $71.63, for a total value of $322,335.00. Following the transaction, the insider now owns 50,371 shares in the company, valued at approximately $3,608,074.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the transaction, the insider now owns 3,375 shares in the company, valued at approximately $243,337.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thierry Merlot sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the sale, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by company insiders.

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.