Hexcel Co. (HXL) Shares Sold by SFE Investment Counsel
SFE Investment Counsel trimmed its holdings in Hexcel Co. (NYSE:HXL) by 36.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,335 shares of the aerospace company’s stock after selling 2,995 shares during the period. SFE Investment Counsel’s holdings in Hexcel were worth $330,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HXL. Prudential Financial Inc. lifted its stake in Hexcel by 5.1% in the 2nd quarter. Prudential Financial Inc. now owns 6,136 shares of the aerospace company’s stock worth $324,000 after purchasing an additional 300 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Hexcel by 92.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 163,512 shares of the aerospace company’s stock worth $8,632,000 after purchasing an additional 78,593 shares in the last quarter. Advisor Group Inc. lifted its stake in Hexcel by 0.5% in the 2nd quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 24 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hexcel by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,683 shares of the aerospace company’s stock worth $48,074,000 after purchasing an additional 112,420 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in Hexcel in the 2nd quarter worth approximately $311,000. 97.67% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Canaccord Genuity lifted their price target on shares of Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, January 26th. Stephens lifted their price target on shares of Hexcel from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Loop Capital lifted their price target on shares of Hexcel from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Bank of America lifted their price target on shares of Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.78.
Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The company had revenue of $511.70 million for the quarter, compared to analyst estimates of $506.70 million. Hexcel had a return on equity of 18.38% and a net margin of 14.39%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. equities research analysts expect that Hexcel Co. will post 3.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, February 5th. Hexcel’s payout ratio is 16.18%.
In other Hexcel news, CEO Nick L. Stanage sold 27,174 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $64.01, for a total value of $1,739,407.74. Following the sale, the chief executive officer now owns 181,637 shares of the company’s stock, valued at $11,626,584.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy Swords sold 13,493 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.27, for a total value of $813,223.11. Following the completion of the sale, the insider now directly owns 20,202 shares in the company, valued at approximately $1,217,574.54. The disclosure for this sale can be found here. In the last three months, insiders sold 90,667 shares of company stock worth $5,678,201. 2.10% of the stock is owned by corporate insiders.
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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