Daiwa Securities Group Inc. bought a new stake in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,500 shares of the aerospace company’s stock, valued at approximately $2,567,000.
A number of other hedge funds have also recently made changes to their positions in the stock. California Public Employees Retirement System boosted its stake in Hexcel by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 208,741 shares of the aerospace company’s stock valued at $12,911,000 after buying an additional 1,498 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Hexcel by 311.6% during the fourth quarter. Teacher Retirement System of Texas now owns 30,942 shares of the aerospace company’s stock valued at $1,914,000 after buying an additional 23,424 shares in the last quarter. Aries Wealth Management bought a new position in Hexcel during the fourth quarter valued at about $868,000. St. James Investment Company LLC boosted its stake in Hexcel by 9.6% during the fourth quarter. St. James Investment Company LLC now owns 21,030 shares of the aerospace company’s stock valued at $1,301,000 after buying an additional 1,840 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its stake in Hexcel by 12.1% during the fourth quarter. Greenwood Capital Associates LLC now owns 8,599 shares of the aerospace company’s stock valued at $532,000 after buying an additional 929 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.
HXL has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $54.00 target price on shares of Hexcel in a research note on Thursday, October 19th. KeyCorp raised their target price on Hexcel from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Bank of America raised their target price on Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Loop Capital raised their target price on Hexcel from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, Stephens initiated coverage on Hexcel in a research note on Wednesday, December 6th. They set an “overweight” rating and a $74.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Hexcel presently has an average rating of “Hold” and an average target price of $64.78.
Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Hexcel had a return on equity of 17.86% and a net margin of 14.39%. The business had revenue of $511.70 million during the quarter, compared to the consensus estimate of $506.70 million. During the same period in the prior year, the business posted $0.64 earnings per share. Hexcel’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Hexcel Co. will post 3.06 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, February 5th. Hexcel’s dividend payout ratio is 16.18%.
In other news, insider Timothy Swords sold 13,493 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total transaction of $813,223.11. Following the completion of the sale, the insider now directly owns 20,202 shares of the company’s stock, valued at $1,217,574.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nick L. Stanage sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $62.01, for a total value of $434,070.00. Following the sale, the chief executive officer now directly owns 161,463 shares of the company’s stock, valued at $10,012,320.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,667 shares of company stock valued at $5,678,201. 2.10% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION WARNING: “41,500 Shares in Hexcel Co. (HXL) Acquired by Daiwa Securities Group Inc.” was first reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://weekherald.com/2018/02/15/41500-shares-in-hexcel-co-hxl-acquired-by-daiwa-securities-group-inc.html.
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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.