Brown Advisory Inc. decreased its position in Hexcel Co. (NYSE:HXL) by 32.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,269,074 shares of the aerospace company’s stock after selling 615,552 shares during the period. Brown Advisory Inc.’s holdings in Hexcel were worth $78,493,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. acquired a new position in Hexcel in the fourth quarter valued at $126,000. SG Americas Securities LLC acquired a new position in shares of Hexcel during the fourth quarter valued at about $136,000. Fieldpoint Private Securities LLC acquired a new position in shares of Hexcel during the third quarter valued at about $142,000. The Manufacturers Life Insurance Company raised its holdings in shares of Hexcel by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after purchasing an additional 200 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Hexcel during the second quarter valued at about $202,000. Institutional investors and hedge funds own 99.15% of the company’s stock.
Hexcel Co. (NYSE HXL) opened at $67.22 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.54. Hexcel Co. has a fifty-two week low of $49.20 and a fifty-two week high of $69.27. The firm has a market cap of $6,040.00, a PE ratio of 23.59, a PEG ratio of 2.63 and a beta of 1.19.
Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.70. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The company had revenue of $511.70 million for the quarter, compared to analyst estimates of $506.70 million. During the same quarter in the prior year, the business posted $0.64 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts forecast that Hexcel Co. will post 3.06 EPS for the current fiscal 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 $0.125 dividend. 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 17.54%.
In related news, CEO Nick L. Stanage sold 27,174 shares of the company’s stock in a transaction dated 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 owns 181,637 shares in the company, valued at approximately $11,626,584.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nick L. Stanage sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $63.02, for a total transaction of $1,575,500.00. Following the completion of the sale, the chief executive officer now owns 179,463 shares in the company, valued at approximately $11,309,758.26. The disclosure for this sale can be found here. Insiders sold a total of 90,667 shares of company stock worth $5,678,201 in the last 90 days. 2.10% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the stock. Stephens upped their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Loop Capital set a $64.00 price objective on shares of Hexcel and gave the company a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Hexcel from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Canaccord Genuity reiterated a “hold” rating and set a $62.00 price objective on shares of Hexcel in a report on Tuesday, November 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $67.00 price objective (up previously from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Hexcel presently has a consensus rating of “Hold” and a consensus target price of $64.78.
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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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