Hexcel Co. (HXL) Position Boosted by Graybill Bartz & Assoc Ltd.
Graybill Bartz & Assoc Ltd. boosted its position in shares of Hexcel Co. (NYSE:HXL) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,174 shares of the aerospace company’s stock after purchasing an additional 1,215 shares during the period. Hexcel comprises about 2.7% of Graybill Bartz & Assoc Ltd.’s investment portfolio, making the stock its 9th biggest position. Graybill Bartz & Assoc Ltd. owned 0.07% of Hexcel worth $3,784,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new position in Hexcel during the 3rd quarter valued at about $142,000. The Manufacturers Life Insurance Company lifted its holdings in Hexcel by 6.9% during the 2nd 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 last quarter. Nomura Holdings Inc. bought a new position in Hexcel during the 2nd quarter valued at about $202,000. AHL Partners LLP bought a new position in Hexcel during the 2nd quarter valued at about $207,000. Finally, Tocqueville Asset Management L.P. bought a new position in Hexcel during the 3rd quarter valued at about $207,000. 96.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Hexcel Co. (HXL) traded up $0.55 during midday trading on Tuesday, hitting $64.60. 448,200 shares of the company’s stock were exchanged, compared to its average volume of 651,378. Hexcel Co. has a one year low of $49.20 and a one year high of $65.01. The company has a market capitalization of $5,802.73, a P/E ratio of 23.32, a PEG ratio of 2.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 2.74.
HXL has been the subject of several analyst reports. Stephens initiated coverage on shares of Hexcel in a report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 price target for the company. Jefferies Group reaffirmed a “hold” rating and issued a $50.00 target price on shares of Hexcel in a research note on Friday, September 29th. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 target price on shares of Hexcel in a research note on Friday, September 29th. Loop Capital boosted their target price on shares of Hexcel from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $67.00 target price (up from $60.00) on shares of Hexcel in a research note on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.00.
In related news, CEO Nick L. Stanage sold 27,174 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 181,637 shares of the company’s stock, valued at $11,626,584.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy Swords sold 13,493 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total transaction of $813,223.11. Following the sale, the insider now directly owns 20,202 shares of the company’s stock, valued at $1,217,574.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,971 shares of company stock valued at $6,501,241. Insiders own 2.10% of the company’s stock.
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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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