US Bancorp DE lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund 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.
Several other institutional investors also recently added to or reduced their stakes in HXL. SG Americas Securities LLC acquired a new position in shares of Hexcel during the 4th quarter valued at $136,000. Fieldpoint Private Securities LLC acquired a new position in shares of Hexcel during the 3rd quarter valued at $142,000. The Manufacturers Life Insurance Company lifted its position in shares of 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 acquiring an additional 200 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Hexcel during the 2nd quarter valued at $202,000. Finally, AHL Partners LLP acquired a new position in shares of Hexcel during the 2nd quarter valued at $207,000. Institutional investors own 99.15% of the company’s stock.
In other news, 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 completion of the sale, the chief executive officer now owns 161,463 shares in the company, valued at approximately $10,012,320.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nick L. Stanage sold 27,174 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the completion of the sale, the chief executive officer now owns 181,637 shares of the company’s stock, valued at approximately $11,626,584.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,667 shares of company stock valued at $5,678,201. Company insiders own 2.10% of the company’s stock.
Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The firm had revenue of $511.70 million for the quarter, compared to the consensus estimate of $506.70 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. equities analysts forecast that Hexcel Co. will post 3.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a $0.125 dividend. 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 payout ratio is 16.18%.
A number of research analysts recently issued reports on the stock. Stephens boosted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Loop Capital set a $64.00 price objective on shares of Hexcel and gave the stock a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Hexcel from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Canaccord Genuity restated a “hold” rating and set a $62.00 price objective on shares of Hexcel in a report on Tuesday, November 14th. Finally, Credit Suisse Group restated a “neutral” rating and set a $67.00 price objective (up previously from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $64.78.
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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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