GYL Financial Synergies LLC purchased a new stake in shares of Hexcel Co. (NYSE:HXL) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 17,087 shares of the aerospace company’s stock, valued at approximately $1,182,000.
Other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. grew its holdings in Hexcel by 51.7% during the 4th quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 181 shares during the last quarter. Zions Bancorporation N.A. bought a new stake in Hexcel during the 1st quarter worth approximately $45,000. AdvisorNet Financial Inc grew its holdings in Hexcel by 51.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 360 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in Hexcel during the 4th quarter worth approximately $68,000. Finally, Manchester Capital Management LLC bought a new stake in Hexcel during the 1st quarter worth approximately $68,000. 93.64% of the stock is currently owned by institutional investors.
Shares of NYSE HXL traded down $0.11 during midday trading on Thursday, reaching $77.20. The stock had a trading volume of 1,719 shares, compared to its average volume of 400,217. The company has a market capitalization of $6.55 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. Hexcel Co. has a twelve month low of $53.50 and a twelve month high of $78.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.28 and a current ratio of 2.24.
Hexcel (NYSE:HXL) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The firm had revenue of $609.90 million for the quarter, compared to the consensus estimate of $590.13 million. Hexcel had a net margin of 12.71% and a return on equity of 20.63%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 EPS. Analysts forecast that Hexcel Co. will post 3.46 earnings per share for the current year.
In other news, insider Thierry Merlot sold 3,241 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $71.00, for a total value of $230,111.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Timothy Swords sold 20,395 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the transaction, the insider now owns 16,839 shares in the company, valued at approximately $1,193,211.54. The disclosure for this sale can be found here. Insiders sold a total of 36,179 shares of company stock worth $2,600,947 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
A number of equities research analysts have weighed in on HXL shares. Loop Capital lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $71.57 target price on the stock. in a report on Wednesday, March 6th. ValuEngine raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Friday, June 7th. BMO Capital Markets set a $80.00 target price on shares of Hexcel and gave the stock a “buy” rating in a report on Friday, March 8th. Zacks Investment Research raised shares of Hexcel from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Friday, February 15th. Finally, Barclays reissued a “hold” rating and set a $77.00 target price on shares of Hexcel in a report on Sunday, May 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Hexcel presently has a consensus rating of “Hold” and a consensus target price of $77.05.
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.
Further Reading: How can investors find ex-dividend dates?
Want to see what other hedge funds are holding HXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hexcel Co. (NYSE:HXL).
Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.