Fieldpoint Private Securities LLC purchased a new position in shares of Hexcel Co. (NYSE:HXL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,470 shares of the aerospace company’s stock, valued at approximately $142,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew 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 worth $163,000 after acquiring an additional 200 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Hexcel during the 2nd quarter worth $202,000. Pacad Investment Ltd. acquired a new position in Hexcel during the 2nd quarter worth $206,000. AHL Partners LLP acquired a new position in Hexcel during the 2nd quarter worth $207,000. Finally, Tocqueville Asset Management L.P. acquired a new position in Hexcel during the 3rd quarter worth $207,000. Institutional investors and hedge funds own 96.67% of the company’s stock.
Hexcel Co. (NYSE HXL) opened at $61.92 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53. The firm has a market capitalization of $5,482.95, a price-to-earnings ratio of 23.30, a PEG ratio of 3.05 and a beta of 1.10. Hexcel Co. has a 12 month low of $49.20 and a 12 month high of $63.93.
Several research firms have issued reports on HXL. Credit Suisse Group reaffirmed a “neutral” rating and set a $67.00 price objective (up previously from $60.00) on shares of Hexcel in a report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 price objective on shares of Hexcel in a report on Tuesday, November 14th. Zacks Investment Research raised Hexcel from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Loop Capital upped their price objective on Hexcel from $61.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $65.00 price objective on shares of Hexcel in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.20.
In other news, CEO Nick L. Stanage sold 7,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total value of $434,070.00. Following the transaction, the chief executive officer now owns 161,463 shares of the company’s stock, valued at approximately $10,012,320.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy Swords sold 13,493 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.27, for a total value of $813,223.11. Following the completion of the transaction, the insider now directly owns 20,202 shares in the company, valued at approximately $1,217,574.54. The disclosure for this sale can be found here. In the last three months, insiders sold 33,797 shares of company stock worth $2,070,333. 2.10% of the stock is currently owned by company insiders.
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Hexcel Company Profile
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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