US Bancorp DE trimmed its stake in shares of Hexcel Co. (NYSE:HXL) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,379 shares of the aerospace company’s stock after selling 1,398 shares during the quarter. US Bancorp DE’s holdings in Hexcel were worth $1,446,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Hexcel during the 4th quarter valued at about $136,000. Fieldpoint Private Securities LLC bought a new position in Hexcel during the 3rd quarter valued at approximately $142,000. The Manufacturers Life Insurance Company raised its position in Hexcel by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after purchasing an additional 200 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Hexcel in the 3rd quarter worth approximately $207,000. Finally, Nomura Holdings Inc. bought a new position in shares of Hexcel in the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hexcel Co. (NYSE HXL) opened at $68.13 on Wednesday. The company has a market cap of $6,135.35, a P/E ratio of 25.48, a P/E/G ratio of 2.66 and a beta of 1.17. Hexcel Co. has a 12 month low of $49.20 and a 12 month high of $69.52. The company has a quick ratio of 1.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.54.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.73%. Hexcel’s dividend payout ratio (DPR) is presently 16.18%.
In related news, CEO Nick L. Stanage sold 27,174 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the completion of the transaction, the chief executive officer now owns 181,637 shares in the company, valued at approximately $11,626,584.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nick L. Stanage sold 18,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.00, for a total transaction of $1,116,000.00. Following the completion of the sale, the chief executive officer now owns 172,463 shares of the company’s stock, valued at approximately $10,692,706. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,174 shares of company stock valued at $4,430,908. Insiders own 2.10% of the company’s stock.
Several analysts have commented on the company. Stephens initiated coverage on Hexcel in a research note on Wednesday, December 6th. They issued an “overweight” rating and a $74.00 price target on the stock. Canaccord Genuity raised their target price on Hexcel from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Zacks Investment Research cut Hexcel from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Credit Suisse Group reissued a “neutral” rating and set a $67.00 price target (up from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. Finally, Loop Capital set a $64.00 price target on Hexcel and gave the company a “hold” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.90.
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.
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