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

International Assets Investment Management LLC purchased a new stake in Hexcel Co. (NYSE:HXL) in the 4th quarter, HoldingsChannel reports. The firm purchased 64,679 shares of the aerospace company’s stock, valued at approximately $4,770,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Earnest Partners LLC grew its position in Hexcel by 1.1% in the third quarter. Earnest Partners LLC now owns 4,344,230 shares of the aerospace company’s stock worth $282,983,000 after acquiring an additional 47,591 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in Hexcel by 18.8% in the third quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company’s stock worth $95,254,000 after purchasing an additional 231,207 shares in the last quarter. Sei Investments Co. increased its position in Hexcel by 5.5% during the third quarter. Sei Investments Co. now owns 1,053,735 shares of the aerospace company’s stock worth $68,640,000 after buying an additional 55,384 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hexcel by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 783,019 shares of the aerospace company’s stock valued at $51,006,000 after buying an additional 19,897 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Hexcel by 46.7% in the third quarter. TimesSquare Capital Management LLC now owns 778,775 shares of the aerospace company’s stock worth $50,729,000 after buying an additional 248,045 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Activity

In other Hexcel news, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the transaction, the insider now owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Hexcel news, 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 sale, the insider now directly owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine A. Suever bought 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $68.33 per share, for a total transaction of $27,332.00. Following the purchase, the director now directly owns 15,748 shares in the company, valued at approximately $1,076,060.84. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 43,400 shares of company stock worth $2,820,322. Corporate insiders own 1.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley lowered Hexcel from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $70.00 to $66.00 in a report on Thursday, February 22nd. Wells Fargo & Company raised shares of Hexcel from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $81.00 to $95.00 in a research report on Wednesday. Bank of America reiterated an “underperform” rating and issued a $65.00 target price (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Barclays cut their target price on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Finally, Northcoast Research downgraded Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.57.

Hexcel Stock Up 2.1 %

HXL stock opened at $72.65 on Thursday. The business’s 50-day simple moving average is $69.53 and its 200 day simple moving average is $69.52. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The company has a market cap of $6.04 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. Hexcel’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. On average, research analysts anticipate that Hexcel Co. will post 2.22 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s payout ratio is 51.28%.

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.