The Manufacturers Life Insurance Company Purchases 31,016 Shares of Hexcel Co. (NYSE:HXL)

The Manufacturers Life Insurance Company boosted its holdings in shares of Hexcel Co. (NYSE:HXLFree Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 453,176 shares of the aerospace company’s stock after buying an additional 31,016 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.54% of Hexcel worth $33,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Hexcel during the 4th quarter valued at about $442,000. Evoke Wealth LLC bought a new stake in Hexcel during the fourth quarter valued at approximately $2,036,000. TFO Wealth Partners LLC grew its stake in Hexcel by 88,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,649 shares of the aerospace company’s stock worth $195,000 after buying an additional 2,646 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Hexcel by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 37,377 shares of the aerospace company’s stock worth $2,757,000 after buying an additional 370 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Hexcel by 12.9% during the 4th quarter. Stifel Financial Corp now owns 161,401 shares of the aerospace company’s stock valued at $11,904,000 after buying an additional 18,393 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HXL. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 target price on shares of Hexcel in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $71.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. Bank of America reiterated an “underperform” rating and set a $65.00 price target (down from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Stifel Nicolaus lowered their price objective on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Morgan Stanley lowered shares of Hexcel from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $70.00 to $66.00 in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.57.

Get Our Latest Research Report on HXL

Insider Buying and Selling

In other Hexcel news, CEO Nick L. Stanage bought 15,000 shares of the stock in a transaction dated Friday, April 26th. The stock was purchased at an average cost of $64.29 per share, for a total transaction of $964,350.00. Following the completion of the acquisition, the chief executive officer now owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Jeffrey C. Campbell bought 10,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was acquired at an average cost of $64.13 per share, with a total value of $641,300.00. Following the completion of the acquisition, the director now owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nick L. Stanage purchased 15,000 shares of Hexcel stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $64.29 per share, with a total value of $964,350.00. Following the transaction, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. Insiders have acquired 43,400 shares of company stock valued at $2,820,322 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Hexcel Stock Down 2.1 %

HXL stock opened at $66.47 on Friday. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 56.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. The business’s 50 day moving average price is $68.15 and its two-hundred day moving average price is $70.47. Hexcel Co. has a fifty-two week low of $58.81 and a fifty-two week high of $79.08.

Hexcel (NYSE:HXLGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company 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%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, analysts forecast that Hexcel Co. will post 2.21 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. Hexcel’s dividend payout ratio (DPR) is currently 51.28%.

Hexcel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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