Capstone Investment Advisors LLC Makes New $576,000 Investment in Hexcel Co. (NYSE:HXL)

Capstone Investment Advisors LLC bought a new stake in Hexcel Co. (NYSE:HXLFree Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,910 shares of the aerospace company’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its stake in shares of Hexcel by 0.3% in the fourth quarter. Corient Private Wealth LLC now owns 53,624 shares of the aerospace company’s stock valued at $3,955,000 after buying an additional 143 shares during the period. Xponance Inc. grew its holdings in Hexcel by 1.8% during the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock worth $756,000 after acquiring an additional 178 shares during the period. New York State Teachers Retirement System raised its position in shares of Hexcel by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock worth $4,576,000 after acquiring an additional 200 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Hexcel by 2.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,989 shares of the aerospace company’s stock valued at $663,000 after purchasing an additional 215 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in Hexcel by 7.5% during the fourth quarter. Raymond James Trust N.A. now owns 3,458 shares of the aerospace company’s stock worth $255,000 after purchasing an additional 241 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of HXL opened at $64.82 on Monday. The stock’s fifty day moving average price is $67.29 and its two-hundred day moving average price is $69.54. Hexcel Co. has a 1 year low of $58.81 and a 1 year high of $79.08. The firm has a market cap of $5.39 billion, a PE ratio of 55.40, a PEG ratio of 1.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51.

Hexcel (NYSE:HXLGet Free Report) last posted its 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. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The firm had revenue of $472.30 million during the quarter, compared to the consensus estimate of $468.93 million. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Hexcel Co. will post 2.18 EPS for the current year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were paid a $0.15 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.60 annualized dividend and a yield of 0.93%. Hexcel’s dividend payout ratio is currently 51.28%.

Analysts Set New Price Targets

HXL has been the subject of several research analyst reports. Bank of America reiterated an “underperform” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. UBS Group dropped their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Wells Fargo & Company upgraded Hexcel from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $81.00 to $95.00 in a research note on Wednesday, May 8th. The Goldman Sachs Group raised their price objective on Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Northcoast Research lowered Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $76.86.

Read Our Latest Stock Analysis on HXL

Insider Buying and Selling at Hexcel

In other news, Director Catherine A. Suever purchased 400 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased 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 in the company, valued at approximately $1,076,060.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Catherine A. Suever bought 400 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the completion of the transaction, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey C. Campbell acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the completion of the acquisition, the director now owns 17,803 shares in the company, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders purchased 43,400 shares of company stock valued at $2,820,322 in the last quarter. 1.85% of the stock is currently owned by corporate insiders.

Hexcel 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.

Featured Articles

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.