Fulton Bank N.A. Purchases Shares of 4,145 Hexcel Co. (NYSE:HXL)

Fulton Bank N.A. purchased a new stake in Hexcel Co. (NYSE:HXLGet Rating) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,145 shares of the aerospace company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently bought and sold shares of HXL. Bank of New Hampshire acquired a new stake in Hexcel in the 1st quarter valued at about $33,000. Ellevest Inc. raised its position in shares of Hexcel by 128.1% during the 1st quarter. Ellevest Inc. now owns 568 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 319 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Hexcel during the 1st quarter worth about $59,000. Meeder Asset Management Inc. acquired a new stake in shares of Hexcel during the 1st quarter worth about $101,000. Finally, Richelieu Gestion PLC acquired a new stake in shares of Hexcel during the 1st quarter worth about $114,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

Hexcel Trading Down 3.2 %

Shares of HXL stock opened at $56.86 on Monday. The business’s 50 day moving average is $59.47 and its two-hundred day moving average is $56.66. Hexcel Co. has a twelve month low of $46.77 and a twelve month high of $65.82. The company has a market capitalization of $4.78 billion, a P/E ratio of 53.14 and a beta of 1.25. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55.

Hexcel (NYSE:HXLGet Rating) last announced its earnings results on Monday, July 25th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Hexcel had a return on equity of 4.79% and a net margin of 6.12%. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $391.89 million. During the same period last year, the business posted $0.08 EPS. The company’s revenue was up 22.7% on a year-over-year basis. Equities analysts forecast that Hexcel Co. will post 1.2 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. Hexcel’s dividend payout ratio (DPR) is presently 37.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HXL shares. StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company raised their target price on Hexcel to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Vertical Research lifted their price target on Hexcel to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Morgan Stanley raised Hexcel from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $59.00 to $68.00 in a research report on Thursday, September 8th. Finally, BMO Capital Markets lifted their price target on Hexcel from $57.00 to $66.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hexcel has a consensus rating of “Hold” and an average target price of $59.20.

Insider Activity at Hexcel

In related news, insider Thierry Merlot sold 2,500 shares of Hexcel stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $60.83, for a total value of $152,075.00. Following the sale, the insider now directly owns 34,011 shares in the company, valued at $2,068,889.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.39% of the company’s stock.

About Hexcel

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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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