Hexcel Co. (NYSE:HXL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of Hexcel Co. (NYSE:HXL) by 9.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,087 shares of the aerospace company’s stock after selling 950 shares during the period. State of Alaska Department of Revenue’s holdings in Hexcel were worth $670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HXL. O Shaughnessy Asset Management LLC grew its position in shares of Hexcel by 2.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,294 shares of the aerospace company’s stock valued at $498,000 after acquiring an additional 144 shares during the period. Integrated Investment Consultants LLC grew its position in shares of Hexcel by 2.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 9,219 shares of the aerospace company’s stock valued at $601,000 after acquiring an additional 177 shares during the period. CENTRAL TRUST Co grew its position in shares of Hexcel by 68.1% during the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 179 shares during the period. Treasurer of the State of North Carolina grew its position in shares of Hexcel by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock valued at $2,411,000 after acquiring an additional 180 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Hexcel by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 44,406 shares of the aerospace company’s stock valued at $2,297,000 after acquiring an additional 201 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hexcel

In other news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at approximately $243,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at approximately $243,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the sale, the insider now owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.

Hexcel Trading Up 2.2 %

HXL opened at $63.71 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. The company’s 50 day simple moving average is $72.39 and its two-hundred day simple moving average is $69.68. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 51.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23.

Hexcel (NYSE:HXL) last released its earnings results on Thursday, January 25th. The aerospace company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $474.01 million. During the same period last year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Hexcel Co. will post 2.25 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Hexcel’s previous quarterly dividend of $0.13. Hexcel’s dividend payout ratio (DPR) is currently 48.39%.

Analysts Set New Price Targets

A number of research firms have recently commented on HXL. BMO Capital Markets raised their target price on Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Bank of America restated an “underperform” rating and set a $65.00 target price (down from $75.00) on shares of Hexcel in a research report on Wednesday. Truist Financial raised shares of Hexcel from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $96.00 in a research note on Wednesday, January 10th. The Goldman Sachs Group raised shares of Hexcel from a “sell” rating to a “neutral” rating and raised their price target for the company from $57.00 to $70.00 in a research note on Wednesday, January 10th. Finally, Northcoast Research lowered shares of Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $76.57.

Hexcel Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.