Mutual of America Capital Management LLC Sells 2,929 Shares of Hexcel Co. (NYSE:HXL)

Mutual of America Capital Management LLC lessened its stake in Hexcel Co. (NYSE:HXL) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,973 shares of the aerospace company’s stock after selling 2,929 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hexcel were worth $3,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HXL. CENTRAL TRUST Co increased its holdings in Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 179 shares during the last quarter. Creative Planning bought a new stake in shares of Hexcel in the third quarter worth about $30,000. Farther Finance Advisors LLC increased its holdings in shares of Hexcel by 100.0% in the second quarter. Farther Finance Advisors LLC now owns 412 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 206 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Hexcel in the second quarter worth about $31,000. Finally, RiverPark Advisors LLC bought a new stake in shares of Hexcel in the third quarter worth about $41,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HXL shares. Stifel Nicolaus increased their price target on Hexcel from $81.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, February 16th. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Morgan Stanley downgraded Hexcel from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $70.00 to $66.00 in a report on Thursday, February 22nd. BMO Capital Markets upped their price objective on Hexcel from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Finally, Northcoast Research cut Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.14.

Hexcel Stock Performance

Shares of NYSE HXL opened at $61.76 on Wednesday. The stock has a 50 day moving average price of $71.97 and a 200 day moving average price of $69.65. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.68 and a current ratio of 2.74. The stock has a market capitalization of $5.13 billion, a PE ratio of 49.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.23.

Hexcel (NYSE:HXL) last issued its quarterly 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). Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $474.01 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts predict that Hexcel Co. will post 2.23 earnings per share for the current fiscal year.

Hexcel Increases Dividend

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

Insider Activity

In other news, 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 value of $322,335.00. Following the completion of the sale, the insider now directly owns 50,371 shares of the company’s stock, valued at $3,608,074.73. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the sale, the insider now directly owns 3,375 shares of the company’s stock, valued at $243,337.50. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the completion of the sale, the insider now directly owns 50,371 shares of the company’s stock, valued at $3,608,074.73. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.

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.