American International Group Inc. Sells 5,387 Shares of Hexcel Co. (NYSE:HXL)

American International Group Inc. reduced its stake in shares of Hexcel Co. (NYSE:HXLFree Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,616 shares of the aerospace company’s stock after selling 5,387 shares during the period. American International Group Inc. owned 0.13% of Hexcel worth $8,379,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Earnest Partners LLC raised its position in Hexcel by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 4,344,230 shares of the aerospace company’s stock worth $282,983,000 after purchasing an additional 47,591 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Hexcel by 93.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company’s stock worth $110,850,000 after purchasing an additional 724,280 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Hexcel by 143.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company’s stock worth $108,146,000 after purchasing an additional 864,405 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Hexcel by 18.8% during the 3rd 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 during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Hexcel by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,377,915 shares of the aerospace company’s stock worth $101,621,000 after acquiring an additional 81,389 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HXL has been the subject of several research analyst reports. Morgan Stanley lowered Hexcel from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $70.00 to $66.00 in a research report on Thursday, February 22nd. BMO Capital Markets lifted 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. The Goldman Sachs Group lifted their price objective on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. UBS Group lowered their price objective on Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company raised Hexcel from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $95.00 in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.57.

Check Out Our Latest Stock Analysis on Hexcel

Hexcel Price Performance

HXL stock opened at $66.59 on Monday. 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 has a 50-day simple moving average of $68.03 and a two-hundred day simple moving average of $70.50. The company has a market capitalization of $5.53 billion, a P/E ratio of 56.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. Hexcel Co. has a 52-week low of $58.81 and a 52-week high of $79.08.

Hexcel (NYSE:HXLGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. Research analysts expect that Hexcel Co. will post 2.21 EPS for the current fiscal year.

Hexcel Announces Dividend

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

Insiders Place Their Bets

In related news, Director Catherine A. Suever acquired 400 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $68.33 per share, with a total value of $27,332.00. Following the acquisition, the director now owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other Hexcel news, CEO Tom Gentile bought 15,000 shares of Hexcel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $66.25 per share, with a total value of $993,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $993,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine A. Suever bought 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the completion of the acquisition, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 43,400 shares of company stock valued at $2,820,322. Corporate insiders own 1.85% of the company’s stock.

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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