LPL Financial LLC boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,851 shares of the aerospace company’s stock after buying an additional 1,222 shares during the period. LPL Financial LLC’s holdings in Hexcel were worth $1,723,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in HXL. American International Group Inc. purchased a new stake in Hexcel in the fourth quarter worth $126,000. Captrust Financial Advisors purchased a new stake in Hexcel in the fourth quarter worth $130,000. SG Americas Securities LLC purchased a new stake in Hexcel in the fourth quarter worth $136,000. Fieldpoint Private Securities LLC purchased a new stake in Hexcel in the third quarter worth $142,000. Finally, The Manufacturers Life Insurance Company increased its stake in Hexcel by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 200 shares during the period. Institutional investors own 95.70% of the company’s stock.
In other news, CEO Nick L. Stanage sold 27,174 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the transaction, the chief executive officer now owns 181,637 shares of the company’s stock, valued at approximately $11,626,584.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
HXL opened at $65.08 on Thursday. Hexcel Co. has a 12-month low of $49.20 and a 12-month high of $69.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.31 and a current ratio of 2.51. The firm has a market cap of $5,693.32, a PE ratio of 24.28, a PEG ratio of 2.48 and a beta of 1.17.
Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Hexcel had a return on equity of 17.86% and a net margin of 14.39%. The business had revenue of $511.70 million for the quarter, compared to the consensus estimate of $506.70 million. During the same quarter in the prior year, the company earned $0.64 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. equities analysts expect that Hexcel Co. will post 3.02 EPS for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research lowered Hexcel from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets assumed coverage on Hexcel in a research note on Tuesday, March 27th. They issued a “market perform” rating and a $74.00 target price on the stock. Barclays assumed coverage on Hexcel in a research note on Thursday, March 29th. They issued an “equal weight” rating and a $69.00 target price on the stock. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Loop Capital set a $64.00 target price on Hexcel and gave the stock a “hold” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $66.75.
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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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