Bank of New York Mellon Corp Has $39.37 Million Stake in Hexcel Corporation (HXL)

Bank of New York Mellon Corp lifted its holdings in Hexcel Corporation (NYSE:HXL) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685,757 shares of the aerospace company’s stock after purchasing an additional 20,871 shares during the quarter. Bank of New York Mellon Corp owned about 0.76% of Hexcel worth $39,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capstone Asset Management Co. increased its stake in Hexcel by 12.3% during the 2nd quarter. Capstone Asset Management Co. now owns 5,211 shares of the aerospace company’s stock worth $275,000 after buying an additional 570 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Hexcel by 4.6% during the 2nd quarter. Aperio Group LLC now owns 37,232 shares of the aerospace company’s stock worth $1,965,000 after purchasing an additional 1,651 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Hexcel by 3.5% during the 2nd quarter. US Bancorp DE now owns 20,388 shares of the aerospace company’s stock worth $1,077,000 after purchasing an additional 697 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Hexcel by 13.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 28,200 shares of the aerospace company’s stock worth $1,490,000 after purchasing an additional 3,279 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Hexcel by 3.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,021 shares of the aerospace company’s stock worth $529,000 after purchasing an additional 338 shares during the last quarter. 96.67% of the stock is owned by institutional investors.

Hexcel Corporation (NYSE:HXL) traded up $0.79 during trading on Thursday, hitting $60.57. The stock had a trading volume of 482,400 shares, compared to its average volume of 581,026. Hexcel Corporation has a 1-year low of $49.20 and a 1-year high of $63.93. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $5,369.77, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.82 and a beta of 1.10.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. Hexcel had a return on equity of 18.40% and a net margin of 13.13%. Hexcel’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. equities research analysts expect that Hexcel Corporation will post 2.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.83%. The ex-dividend date was Tuesday, October 31st. Hexcel’s dividend payout ratio (DPR) is presently 18.05%.

A number of research analysts recently commented on HXL shares. KeyCorp reiterated a “buy” rating and issued a $60.00 price objective on shares of Hexcel in a report on Friday, September 1st. Zacks Investment Research upgraded Hexcel from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Bank of America upped their price objective on Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating and issued a $62.00 price objective on shares of Hexcel in a report on Tuesday, November 14th. Finally, Jefferies Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Hexcel in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Hexcel currently has an average rating of “Hold” and an average price target of $61.67.

In related news, SVP Kimberly A. Hendricks sold 2,608 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the completion of the sale, the senior vice president now owns 22,221 shares in the company, valued at $1,407,700.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy Swords sold 13,493 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were 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 owns 20,202 shares of the company’s stock, valued at approximately $1,217,574.54. The disclosure for this sale can be found here. Insiders sold 26,797 shares of company stock worth $1,636,263 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

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About Hexcel

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.

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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