Huntington National Bank raised its holdings in shares of Hexcel Co. (NYSE:HXL) by 134.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,216 shares of the aerospace company’s stock after buying an additional 698 shares during the quarter. Huntington National Bank’s holdings in Hexcel were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its position in Hexcel by 47.8% during the second quarter. SG Americas Securities LLC now owns 2,268 shares of the aerospace company’s stock worth $183,000 after buying an additional 733 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Hexcel by 18.6% during the second quarter. Aptus Capital Advisors LLC now owns 10,379 shares of the aerospace company’s stock worth $839,000 after buying an additional 1,625 shares in the last quarter. Anchor Capital Advisors LLC grew its position in Hexcel by 7.7% during the second quarter. Anchor Capital Advisors LLC now owns 466,448 shares of the aerospace company’s stock worth $37,726,000 after buying an additional 33,386 shares in the last quarter. Creative Planning grew its position in Hexcel by 4.3% during the second quarter. Creative Planning now owns 3,034 shares of the aerospace company’s stock worth $245,000 after buying an additional 124 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in Hexcel by 21.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,343 shares of the aerospace company’s stock worth $65,945,000 after buying an additional 144,760 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.
In other news, insider Robert George Hennemuth sold 37,544 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $83.56, for a total value of $3,137,176.64. Following the completion of the sale, the insider now owns 73,046 shares of the company’s stock, valued at approximately $6,103,723.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Nick L. Stanage sold 15,662 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $85.75, for a total value of $1,343,016.50. Following the completion of the sale, the chief executive officer now directly owns 256,853 shares of the company’s stock, valued at approximately $22,025,144.75. The disclosure for this sale can be found here. In the last three months, insiders sold 57,623 shares of company stock valued at $4,840,665. 1.40% of the stock is currently owned by corporate insiders.
HXL stock traded up $0.57 during mid-day trading on Friday, hitting $77.45. 392,285 shares of the stock were exchanged, compared to its average volume of 487,193. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.22 and a quick ratio of 1.21. The business has a fifty day moving average price of $77.43 and a 200 day moving average price of $77.88. Hexcel Co. has a 12 month low of $53.50 and a 12 month high of $87.00. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.29 and a beta of 1.00.
Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Hexcel had a return on equity of 21.74% and a net margin of 12.73%. The firm had revenue of $572.50 million during the quarter, compared to analyst estimates of $598.88 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Hexcel Co. will post 3.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 31st. Hexcel’s dividend payout ratio (DPR) is presently 22.30%.
Several research firms recently commented on HXL. Wells Fargo & Co began coverage on Hexcel in a research report on Tuesday, October 15th. They set a “market perform” rating and a $85.00 target price for the company. Bank of America lowered Hexcel from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $95.00 to $80.00 in a research note on Tuesday, October 1st. ValuEngine lowered Hexcel from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price target on Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Cowen set a $87.00 price target on Hexcel and gave the stock a “buy” rating in a research note on Friday, September 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Hexcel has a consensus rating of “Hold” and an average price target of $82.21.
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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