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

Eagle Asset Management Inc. grew its stake in Hexcel Co. (NYSE:HXL) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,092,053 shares of the aerospace company’s stock after acquiring an additional 21,337 shares during the period. Hexcel accounts for about 0.7% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 20th biggest position. Eagle Asset Management Inc. owned approximately 2.33% of Hexcel worth $129,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Hexcel during the fourth quarter worth approximately $136,000. Fieldpoint Private Securities LLC bought a new stake in Hexcel during the third quarter worth $142,000. The Manufacturers Life Insurance Company raised its position in Hexcel by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 200 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Hexcel during the second quarter worth $202,000. Finally, AHL Partners LLP bought a new stake in Hexcel during the second quarter worth $207,000. 99.15% of the stock is owned by institutional investors.

HXL has been the topic of several research analyst reports. Canaccord Genuity increased their price objective on shares of Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, January 26th. Credit Suisse Group reaffirmed a “neutral” rating and set a $67.00 price target (up from $60.00) on shares of Hexcel in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Loop Capital set a $64.00 price objective on shares of Hexcel and gave the stock a “hold” rating in a research note on Thursday, December 14th. Finally, Stephens initiated coverage on shares of Hexcel in a research note on Wednesday, December 6th. They set an “overweight” rating and a $74.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Hexcel has a consensus rating of “Hold” and a consensus target price of $64.78.

Shares of Hexcel Co. (NYSE HXL) traded down $0.06 on Thursday, reaching $67.16. The company’s stock had a trading volume of 143,295 shares, compared to its average volume of 629,642. The stock has a market capitalization of $6,024.84, a price-to-earnings ratio of 21.75, a P/E/G ratio of 2.59 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 1-year low of $49.20 and a 1-year high of $69.27.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $511.70 million during the quarter, compared to analyst estimates of $506.70 million. Hexcel had a return on equity of 17.86% and a net margin of 14.39%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. equities research analysts anticipate that Hexcel Co. will post 3.06 EPS for the current year.

The firm also recently announced 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 was Monday, February 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.74%. Hexcel’s dividend payout ratio is presently 16.18%.

In other news, insider Timothy Swords sold 13,493 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 20,202 shares in the company, valued at $1,217,574.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nick L. Stanage sold 27,174 shares of the firm’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 disclosure for this sale can be found here. In the last quarter, insiders sold 90,667 shares of company stock valued at $5,678,201. 2.10% of the stock is owned by corporate insiders.

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Hexcel 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.

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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