International Assets Investment Management LLC Invests $4.77 Million in Hexcel Co. (NYSE:HXL)

International Assets Investment Management LLC acquired a new position in Hexcel Co. (NYSE:HXL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 64,679 shares of the aerospace company’s stock, valued at approximately $4,770,000.

Other institutional investors have also made changes to their positions in the company. Natixis Advisors L.P. increased its stake in shares of Hexcel by 6.3% in the third quarter. Natixis Advisors L.P. now owns 155,323 shares of the aerospace company’s stock worth $10,118,000 after purchasing an additional 9,242 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Hexcel during the third quarter valued at about $1,283,000. Public Employees Retirement System of Ohio increased its stake in Hexcel by 73.5% during the third quarter. Public Employees Retirement System of Ohio now owns 66,141 shares of the aerospace company’s stock valued at $4,308,000 after acquiring an additional 28,010 shares during the period. Spectrum Asset Management Inc. NB CA bought a new position in Hexcel during the third quarter valued at about $664,000. Finally, Pathstone Family Office LLC increased its stake in Hexcel by 55.0% during the third quarter. Pathstone Family Office LLC now owns 9,868 shares of the aerospace company’s stock valued at $652,000 after acquiring an additional 3,503 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insider Transactions at Hexcel

In other news, insider Thierry Merlot sold 4,500 shares of the business’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 value of $322,335.00. Following the transaction, the insider now directly owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the transaction, the insider now owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thierry Merlot sold 4,500 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $71.63, for a total value of $322,335.00. Following the transaction, the insider now directly owns 50,371 shares in the company, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.85% of the stock is owned by company insiders.

Hexcel Stock Up 0.4 %

Shares of HXL opened at $61.76 on Wednesday. The company has a market capitalization of $5.13 billion, a P/E ratio of 49.81, a PEG ratio of 1.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. Hexcel Co. has a one year low of $58.81 and a one year high of $79.08. The business’s 50 day simple moving average is $71.97 and its 200-day simple moving average is $69.65.

Hexcel (NYSE:HXL) last announced its earnings results on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $457.50 million during the quarter, compared to analyst estimates of $474.01 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. As a group, sell-side analysts predict that Hexcel Co. will post 2.23 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were issued a $0.15 dividend. This is an increase from Hexcel’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, February 8th. Hexcel’s payout ratio is presently 48.39%.

Wall Street Analyst Weigh In

HXL has been the topic of several research reports. StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. UBS Group lowered Hexcel from a “buy” rating to a “neutral” rating and lowered their price target for the company from $87.00 to $72.00 in a research note on Tuesday, January 30th. Bank of America restated an “underperform” rating and set a $65.00 price target (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price target on shares of Hexcel in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus lifted their price objective on Hexcel from $81.00 to $89.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.14.

Hexcel Company 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.