Stifel Financial Corp lessened its position in shares of Hexcel Corporation (NYSE:HXL) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 522,254 shares of the aerospace company’s stock after selling 16,765 shares during the quarter. Stifel Financial Corp owned 0.58% of Hexcel worth $29,971,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Hexcel by 5.0% during the second quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock valued at $259,946,000 after acquiring an additional 233,521 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of Hexcel by 6.6% during the second quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock worth $171,365,000 after purchasing an additional 199,893 shares in the last quarter. Broad Run Investment Management LLC increased its position in shares of Hexcel by 1.0% during the second quarter. Broad Run Investment Management LLC now owns 2,980,460 shares of the aerospace company’s stock worth $157,338,000 after purchasing an additional 28,991 shares in the last quarter. Earnest Partners LLC increased its position in shares of Hexcel by 1.0% during the second quarter. Earnest Partners LLC now owns 2,787,790 shares of the aerospace company’s stock worth $147,167,000 after purchasing an additional 26,303 shares in the last quarter. Finally, State Street Corp increased its position in shares of Hexcel by 7.8% during the second quarter. State Street Corp now owns 2,325,125 shares of the aerospace company’s stock worth $122,742,000 after purchasing an additional 169,088 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
A number of analysts have recently commented on the company. Canaccord Genuity reiterated a “hold” rating and set a $54.00 target price on shares of Hexcel in a research report on Thursday, October 19th. Loop Capital assumed coverage on Hexcel in a research report on Thursday, September 28th. They issued a “hold” rating and a $61.00 price target on the stock. Zacks Investment Research lowered Hexcel from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Bank of America lifted their price objective on Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, KeyCorp lifted their price objective on Hexcel from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Hexcel currently has an average rating of “Hold” and a consensus target price of $60.11.
In other news, Director Lynn Brubaker sold 6,948 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $61.67, for a total transaction of $428,483.16. Following the transaction, the director now owns 7,107 shares of the company’s stock, valued at $438,288.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kimberly A. Hendricks sold 2,608 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $63.35, for a total transaction of $165,216.80. Following the transaction, the senior vice president now directly owns 22,221 shares in the company, valued at approximately $1,407,700.35. The disclosure for this sale can be found here. Insiders sold a total of 13,304 shares of company stock valued at $823,040 over the last quarter. 2.10% of the stock is currently owned by insiders.
Hexcel Corporation (HXL) traded down $0.54 during mid-day trading on Tuesday, reaching $60.68. The company had a trading volume of 401,200 shares, compared to its average volume of 582,749. Hexcel Corporation has a 12-month low of $49.20 and a 12-month high of $63.93. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5,499.12, a price-to-earnings ratio of 23.37, a P/E/G ratio of 2.89 and a beta of 1.10.
Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Hexcel had a return on equity of 18.40% and a net margin of 13.13%. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same quarter in the prior year, the company earned $0.65 EPS. Hexcel’s revenue was down 1.8% on a year-over-year basis. analysts anticipate that Hexcel Corporation will post 2.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Wednesday, November 1st were issued a $0.125 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.50 annualized dividend and a yield of 0.82%. Hexcel’s dividend payout ratio (DPR) is presently 18.05%.
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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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