Malaga Cove Capital LLC Has $1.08 Million Stock Position in Hexcel Co. (NYSE:HXL)

Malaga Cove Capital LLC lessened its holdings in Hexcel Co. (NYSE:HXL) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,666 shares of the aerospace company’s stock after selling 252 shares during the period. Malaga Cove Capital LLC’s holdings in Hexcel were worth $1,082,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HXL. Xponance Inc. boosted its position in shares of Hexcel by 1.8% during the fourth quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock valued at $756,000 after buying an additional 178 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of Hexcel by 68.1% during the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 179 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Hexcel by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock worth $2,411,000 after purchasing an additional 180 shares during the last quarter. New York State Teachers Retirement System grew its position in Hexcel by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock worth $4,576,000 after purchasing an additional 200 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Hexcel by 2.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,989 shares of the aerospace company’s stock worth $663,000 after buying an additional 215 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Activity at Hexcel

In other Hexcel news, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the completion of the sale, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Thierry Merlot sold 4,500 shares of Hexcel stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the transaction, the insider now owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The disclosure for this sale can be found here. Insiders have purchased 43,000 shares of company stock worth $2,792,990 over the last 90 days. 1.39% of the stock is owned by company insiders.

Hexcel Trading Up 0.4 %

Shares of NYSE HXL traded up $0.29 during mid-day trading on Friday, hitting $68.16. The stock had a trading volume of 1,255,995 shares, compared to its average volume of 1,633,270. The firm has a market cap of $5.66 billion, a P/E ratio of 58.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. The business has a 50 day moving average price of $69.74 and a two-hundred day moving average price of $69.39. Hexcel Co. has a 1 year low of $58.81 and a 1 year high of $79.08.

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

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s payout ratio is 51.28%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HXL. UBS Group cut their price objective on Hexcel from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Truist Financial cut their price target on Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 19th. Northcoast Research lowered Hexcel from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Barclays lowered their target price on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Finally, StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Hexcel presently has a consensus rating of “Hold” and a consensus price target of $76.57.

Hexcel 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.