Hexcel Corporation (HXL) Shares Bought by Trillium Asset Management LLC
Trillium Asset Management LLC boosted its position in shares of Hexcel Corporation (NYSE:HXL) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,031 shares of the aerospace company’s stock after acquiring an additional 5,342 shares during the period. Hexcel Corporation accounts for 1.2% of Trillium Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. Trillium Asset Management LLC owned approximately 0.42% of Hexcel Corporation worth $21,592,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in HXL. The Manufacturers Life Insurance Company lifted its position in Hexcel Corporation 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 acquiring an additional 200 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Hexcel Corporation during the 2nd quarter worth about $202,000. Pacad Investment Ltd. bought a new position in shares of Hexcel Corporation during the 2nd quarter worth about $206,000. AHL Partners LLP bought a new position in shares of Hexcel Corporation during the 2nd quarter worth about $207,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Hexcel Corporation during the 3rd quarter worth about $207,000. 96.50% of the stock is owned by hedge funds and other institutional investors.
HXL has been the topic of a number of analyst reports. KeyCorp reissued a “buy” rating and issued a $60.00 target price on shares of Hexcel Corporation in a research note on Friday, September 1st. Canaccord Genuity reissued a “hold” rating and issued a $54.00 target price on shares of Hexcel Corporation in a research note on Friday, September 29th. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 target price on shares of Hexcel Corporation in a research note on Friday, September 29th. BidaskClub cut shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $59.20.
In related news, SVP Kimberly A. Hendricks sold 2,608 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the transaction, the senior vice president now directly owns 22,221 shares in the company, valued at $1,407,700.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.
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Shares of Hexcel Corporation (NYSE HXL) traded up $0.17 during midday trading on Monday, reaching $61.72. 114,261 shares of the company traded hands, compared to its average volume of 793,229. Hexcel Corporation has a fifty-two week low of $44.72 and a fifty-two week high of $63.93. The firm has a market capitalization of $5,528.76, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.90 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53.
Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 13.13% and a return on equity of 18.40%. The business had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same period in the prior year, the business posted $0.65 earnings per share. Hexcel Corporation’s revenue was down 1.8% compared to the same quarter last year. equities research analysts anticipate that Hexcel Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st will be issued a $0.125 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.50 annualized dividend and a yield of 0.81%. Hexcel Corporation’s dividend payout ratio is currently 18.05%.
Hexcel Corporation 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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