Private Capital Group LLC Boosts Position in Hexcel Co. (HXL)

Private Capital Group LLC raised its holdings in Hexcel Co. (NYSE:HXL) by 15.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,961 shares of the aerospace company’s stock after purchasing an additional 259 shares during the quarter. Private Capital Group LLC’s holdings in Hexcel were worth $136,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HXL. Epoch Investment Partners Inc. grew its stake in Hexcel by 81.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 4,420,788 shares of the aerospace company’s stock worth $253,488,000 after purchasing an additional 1,985,300 shares in the last quarter. Norges Bank purchased a new stake in Hexcel during the 4th quarter worth about $44,235,000. Anchor Capital Advisors LLC purchased a new stake in Hexcel during the 4th quarter worth about $22,522,000. Eaton Vance Management lifted its holdings in Hexcel by 20.4% during the 4th quarter. Eaton Vance Management now owns 1,812,729 shares of the aerospace company’s stock worth $103,942,000 after buying an additional 307,192 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Hexcel by 50.4% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 670,583 shares of the aerospace company’s stock worth $46,378,000 after buying an additional 224,753 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

In other Hexcel news, insider Timothy Swords sold 20,395 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the sale, the insider now owns 16,839 shares in the company, valued at approximately $1,193,211.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thierry Merlot sold 3,516 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $72.55, for a total value of $255,085.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,698 shares of company stock worth $2,469,248. 1.40% of the stock is owned by insiders.

A number of analysts have issued reports on HXL shares. Bank of America reaffirmed a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Hexcel in a report on Friday, April 26th. Cowen reissued a “buy” rating and issued a $75.00 target price on shares of Hexcel in a report on Wednesday, April 24th. Zacks Investment Research raised Hexcel from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Friday, February 15th. ValuEngine raised Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Finally, BMO Capital Markets set a $80.00 target price on Hexcel and gave the company a “buy” rating in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.96.

NYSE HXL traded up $2.59 on Wednesday, hitting $74.10. 783,608 shares of the company’s stock were exchanged, compared to its average volume of 465,594. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.03 and a beta of 1.18. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. Hexcel Co. has a fifty-two week low of $53.50 and a fifty-two week high of $74.85.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $590.13 million. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Equities analysts forecast that Hexcel Co. will post 3.46 earnings per share for the current fiscal year.

The company 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel’s dividend payout ratio is currently 19.67%.

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Hexcel Company Profile

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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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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