Hahn Capital Management LLC lessened its position in shares of Hexcel Co. (NYSE:HXL) by 14.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 693,496 shares of the aerospace company’s stock after selling 116,731 shares during the quarter. Hexcel makes up about 4.0% of Hahn Capital Management LLC’s holdings, making the stock its 7th largest position. Hahn Capital Management LLC owned about 0.77% of Hexcel worth $42,893,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in HXL. The Manufacturers Life Insurance Company raised its stake in shares of Hexcel by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after buying an additional 200 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Hexcel in the 3rd quarter valued at about $299,000. FDx Advisors Inc. raised its stake in Hexcel by 14.9% in the 3rd quarter. FDx Advisors Inc. now owns 19,868 shares of the aerospace company’s stock valued at $1,141,000 after purchasing an additional 2,570 shares during the last quarter. New York State Common Retirement Fund raised its stake in Hexcel by 15.0% in the 3rd quarter. New York State Common Retirement Fund now owns 1,098,570 shares of the aerospace company’s stock valued at $63,080,000 after purchasing an additional 143,674 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Hexcel by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 685,757 shares of the aerospace company’s stock valued at $39,374,000 after purchasing an additional 20,871 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.
NYSE HXL opened at $64.48 on Friday. 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 current ratio of 2.51 and a quick ratio of 1.31. The stock has a market cap of $5,846.96, a PE ratio of 24.06, a P/E/G ratio of 2.55 and a beta of 1.17.
Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $0.70 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $506.70 million. During the same quarter in the prior year, the company posted $0.64 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. analysts expect that Hexcel Co. will post 3.02 earnings per share for the current fiscal year.
In other 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 transaction of $1,739,407.74. Following the completion of 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 SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Several brokerages recently weighed in on HXL. Canaccord Genuity boosted their target price on shares of Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, January 26th. Credit Suisse Group reissued a “neutral” rating and issued a $67.00 target price (up previously from $60.00) on shares of Hexcel in a research note on Wednesday, December 13th. Zacks Investment Research raised shares of Hexcel from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Wednesday, February 28th. ValuEngine raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Barclays began coverage on shares of Hexcel in a research note on Thursday, March 29th. They issued an “equal weight” rating and a $69.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Hexcel currently has an average rating of “Hold” and a consensus target price of $66.75.
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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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