Arcadia Investment Management Corp MI Acquires 267 Shares of Hexcel Co. (NYSE:HXL)

Arcadia Investment Management Corp MI boosted its holdings in shares of Hexcel Co. (NYSE:HXL) by 41.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 908 shares of the aerospace company’s stock after purchasing an additional 267 shares during the period. Arcadia Investment Management Corp MI’s holdings in Hexcel were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TimesSquare Capital Management LLC lifted its position in shares of Hexcel by 93.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company’s stock worth $110,850,000 after purchasing an additional 724,280 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Hexcel by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 794,209 shares of the aerospace company’s stock worth $58,573,000 after purchasing an additional 11,190 shares during the period. Welch & Forbes LLC bought a new position in Hexcel in the fourth quarter worth $203,000. Private Advisor Group LLC purchased a new position in Hexcel during the fourth quarter valued at $313,000. Finally, Natixis Advisors L.P. boosted its holdings in shares of Hexcel by 10.6% during the 4th quarter. Natixis Advisors L.P. now owns 171,756 shares of the aerospace company’s stock valued at $12,667,000 after buying an additional 16,433 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HXL shares. Truist Financial dropped their price objective on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Northcoast Research cut Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Stifel Nicolaus reduced their price target on Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. UBS Group lowered their price target on Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel has a consensus rating of “Hold” and a consensus target price of $77.57.

Hexcel Stock Performance

Shares of NYSE HXL traded up $0.64 during midday trading on Thursday, hitting $73.29. 1,027,827 shares of the stock traded hands, compared to its average volume of 966,529. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. Hexcel Co. has a one year low of $58.81 and a one year high of $79.08. The firm has a market capitalization of $6.09 billion, a P/E ratio of 62.64, a PEG ratio of 1.39 and a beta of 1.25. The firm has a 50-day moving average of $69.51 and a two-hundred day moving average of $69.55.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The business had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Hexcel Co. will post 2.22 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. Hexcel’s dividend payout ratio is currently 51.28%.

Insiders Place Their Bets

In related news, Director Catherine A. Suever acquired 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the purchase, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Nick L. Stanage purchased 15,000 shares of the stock in a transaction on Friday, April 26th. The shares were acquired at an average price of $64.29 per share, with a total value of $964,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Catherine A. Suever acquired 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $68.33 per share, with a total value of $27,332.00. Following the completion of the purchase, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 43,400 shares of company stock worth $2,820,322. Company insiders own 1.85% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.