BlackDiamond Wealth Management LLC Acquires 652 Shares of Hexcel Co. (NYSE:HXL)

BlackDiamond Wealth Management LLC raised its stake in shares of Hexcel Co. (NYSE:HXL) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,714 shares of the aerospace company’s stock after purchasing an additional 652 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Hexcel were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Cetera Trust Company N.A bought a new stake in Hexcel in the fourth quarter worth $30,000. RiverPark Advisors LLC purchased a new position in shares of Hexcel during the 3rd quarter worth about $41,000. Principal Securities Inc. purchased a new position in shares of Hexcel during the 4th quarter worth about $51,000. GAMMA Investing LLC bought a new position in Hexcel during the 4th quarter valued at about $53,000. Finally, Arcadia Investment Management Corp MI raised its position in Hexcel by 41.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 908 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 267 shares during the period. 95.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hexcel news, Director Jeffrey C. Campbell acquired 10,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was acquired at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the completion of the transaction, the director now directly owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Jeffrey C. Campbell acquired 10,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the acquisition, the director now owns 17,803 shares in the company, valued at approximately $1,141,706.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Catherine A. Suever acquired 400 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $68.33 per share, with a total value of $27,332.00. Following the completion of the purchase, the director now owns 15,748 shares in the company, valued at approximately $1,076,060.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 43,400 shares of company stock worth $2,820,322. 1.39% of the stock is owned by corporate insiders.

Hexcel Stock Performance

Shares of HXL stock traded down $1.63 on Thursday, hitting $69.66. The company had a trading volume of 220,776 shares, compared to its average volume of 935,354. The company has a 50-day moving average price of $68.93 and a 200-day moving average price of $70.24. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.79 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08.

Hexcel (NYSE:HXL) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The firm had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. During the same period in the previous year, the firm earned $0.50 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts predict that Hexcel Co. will post 2.21 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were issued a $0.15 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. Hexcel’s payout ratio is 51.28%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HXL shares. Wells Fargo & Company raised Hexcel from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $95.00 in a research note on Wednesday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Hexcel in a research report on Wednesday, February 21st. The Goldman Sachs Group lifted their target price on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Bank of America restated an “underperform” rating and issued a $65.00 price target (down from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. Finally, Northcoast Research lowered shares of Hexcel from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.57.

Hexcel Company 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.