Dynamic Technology Lab Private Ltd purchased a new position in shares of Hexcel Co. (NYSE:HXL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,150 shares of the aerospace company’s stock, valued at approximately $356,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. raised its holdings in shares of Hexcel by 51.7% in the fourth quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 181 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in shares of Hexcel in the first quarter worth $45,000. AdvisorNet Financial Inc raised its holdings in shares of Hexcel by 51.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 360 shares during the last quarter. SevenBridge Financial Group LLC acquired a new position in shares of Hexcel in the fourth quarter worth $68,000. Finally, Manchester Capital Management LLC acquired a new position in shares of Hexcel in the first quarter worth $68,000. 93.64% of the stock is currently owned by institutional investors.
HXL has been the subject of a number of analyst reports. Zacks Investment Research raised Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Friday, February 15th. Bank of America reissued a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Hexcel in a report on Friday, April 26th. ValuEngine raised Hexcel from a “hold” rating to a “buy” rating in a report on Friday, June 7th. BMO Capital Markets set a $80.00 target price on Hexcel and gave the company a “buy” rating in a research note on Friday, March 8th. Finally, Cowen reiterated a “buy” rating and issued a $75.00 target price on shares of Hexcel in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.05.
Hexcel stock opened at $76.80 on Friday. The firm has a market capitalization of $6.61 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 2.26 and a beta of 1.08. Hexcel Co. has a 52 week low of $53.50 and a 52 week high of $78.31. The company has a quick ratio of 1.28, a current ratio of 2.24 and a debt-to-equity ratio of 0.85.
Hexcel (NYSE:HXL) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The firm had revenue of $609.90 million during the quarter, compared to analyst estimates of $590.13 million. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. Research analysts predict that Hexcel Co. will post 3.46 EPS for the current year.
In other Hexcel news, insider Kimberly A. Hendricks sold 3,500 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $76.00, for a total transaction of $266,000.00. Following the completion of the sale, the insider now directly owns 30,843 shares in the company, valued at $2,344,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brett Raymond Schneider sold 2,210 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $70.30, for a total value of $155,363.00. The disclosure for this sale can be found here. Insiders sold 36,179 shares of company stock valued at $2,600,947 over the last quarter. Insiders own 1.40% of the company’s stock.
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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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