Eagle Asset Management Inc. Raises Stake in Hexcel Co. (HXL)

Eagle Asset Management Inc. lifted its position in shares of Hexcel Co. (NYSE:HXL) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,092,053 shares of the aerospace company’s stock after purchasing an additional 21,337 shares during the quarter. Hexcel comprises approximately 0.7% of Eagle Asset Management Inc.’s holdings, making the stock its 20th largest holding. Eagle Asset Management Inc. owned approximately 2.33% of Hexcel worth $129,809,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Earnest Partners LLC grew its holdings in shares of Hexcel by 0.7% during the 3rd 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 period. State Street Corp grew its holdings in shares of Hexcel by 7.8% during the 2nd 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 during the period. Schroder Investment Management Group grew its holdings in shares of Hexcel by 0.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,018,795 shares of the aerospace company’s stock worth $115,435,000 after purchasing an additional 18,563 shares during the period. Brown Advisory Inc. grew its holdings in shares of Hexcel by 6.1% during the 3rd 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 period. Finally, Ownership Capital B.V. grew its holdings in shares of Hexcel by 1.0% during the 4th quarter. Ownership Capital B.V. now owns 1,755,313 shares of the aerospace company’s stock worth $108,566,000 after purchasing an additional 16,602 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Hexcel Co. (HXL) opened at $66.78 on Thursday. The company has a market capitalization of $5,875.71, a P/E ratio of 21.61, a PEG ratio of 2.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.31 and a current ratio of 2.51. Hexcel Co. has a one year low of $49.20 and a one year high of $69.27.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.70. The company had revenue of $511.70 million during 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 business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. sell-side analysts anticipate that Hexcel Co. will post 3.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Monday, February 5th. Hexcel’s dividend payout ratio (DPR) is currently 16.18%.

A number of equities analysts have weighed in on the company. Loop Capital upped their price target on Hexcel from $61.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, October 24th. Stephens upped their price target on Hexcel from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research upgraded Hexcel from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Canaccord Genuity upped their price target on Hexcel from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Finally, KeyCorp upped their price target on Hexcel from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $64.78.

In related news, insider Timothy Swords sold 13,493 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total transaction of $813,223.11. Following the sale, the insider now directly owns 20,202 shares of the company’s stock, valued at approximately $1,217,574.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nick L. Stanage sold 27,174 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 181,637 shares in the company, valued at $11,626,584.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,667 shares of company stock valued at $5,678,201. Company insiders own 2.10% of the company’s stock.

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About Hexcel

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.

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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