Boston Private Wealth LLC reduced its position in shares of Hexcel Corp. (NYSE:HXL) by 13.5% during the second quarter, Holdings Channel reports. The institutional investor owned 17,960 shares of the company’s stock after selling 2,804 shares during the period. Boston Private Wealth LLC’s holdings in Hexcel Corp. were worth $748,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Broad Run Investment Management LLC raised its stake in Hexcel Corp. by 10.2% in the first quarter. Broad Run Investment Management LLC now owns 2,171,639 shares of the company’s stock worth $94,922,000 after buying an additional 200,254 shares in the last quarter. Bank of Montreal Can bought a new stake in Hexcel Corp. during the second quarter worth about $8,186,000. Ownership Capital B.V. raised its stake in Hexcel Corp. by 15.0% in the second quarter. Ownership Capital B.V. now owns 1,287,147 shares of the company’s stock worth $53,597,000 after buying an additional 168,041 shares in the last quarter. British Columbia Investment Management Corp raised its stake in Hexcel Corp. by 66.7% in the second quarter. British Columbia Investment Management Corp now owns 225,000 shares of the company’s stock worth $9,369,000 after buying an additional 90,000 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in Hexcel Corp. by 15.2% in the first quarter. Loomis Sayles & Co. L P now owns 555,009 shares of the company’s stock worth $24,259,000 after buying an additional 73,289 shares in the last quarter. 98.27% of the stock is currently owned by institutional investors.
Hexcel Corp. (NYSE:HXL) traded up 0.11% on Friday, reaching $45.05. The company had a trading volume of 645,932 shares. Hexcel Corp. has a 12 month low of $37.54 and a 12 month high of $48.33. The firm has a market capitalization of $4.13 billion, a PE ratio of 17.54 and a beta of 0.98. The stock has a 50 day moving average of $43.64 and a 200 day moving average of $43.76.
Hexcel Corp. (NYSE:HXL) last issued its earnings results on Wednesday, October 19th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. The company earned $500.50 million during the quarter, compared to the consensus estimate of $494.26 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. On average, analysts anticipate that Hexcel Corp. will post $2.57 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Wednesday, November 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, October 31st. Hexcel Corp.’s payout ratio is 17.12%.
A number of equities research analysts have issued reports on HXL shares. Zacks Investment Research raised Hexcel Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Jefferies Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of Hexcel Corp. in a research report on Wednesday, August 10th. Bank of America Corp. lowered Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Friday, July 29th. Canaccord Genuity set a $48.00 price target on Hexcel Corp. and gave the company a “hold” rating in a research report on Wednesday, July 20th. Finally, Vertical Research initiated coverage on Hexcel Corp. in a research report on Friday. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hexcel Corp. has an average rating of “Buy” and an average price target of $49.56.
In other news, SVP Robert George Hennemuth sold 2,495 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the sale, the senior vice president now owns 58,922 shares of the company’s stock, valued at $2,651,490. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Charles Hill sold 1,188 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $44.47, for a total value of $52,830.36. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
Hexcel Corp. Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.