Advisors Asset Management Inc. Sells 718 Shares of Hexcel Co. (NYSE:HXL)

Advisors Asset Management Inc. lessened its holdings in Hexcel Co. (NYSE:HXL) by 2.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,921 shares of the aerospace company’s stock after selling 718 shares during the period. Advisors Asset Management Inc.’s holdings in Hexcel were worth $2,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in Hexcel in the 4th quarter worth approximately $2,185,000. Sequoia Financial Advisors LLC purchased a new stake in Hexcel in the 4th quarter worth approximately $2,362,000. Evoke Wealth LLC purchased a new stake in Hexcel in the 4th quarter worth approximately $2,036,000. Ceredex Value Advisors LLC grew its holdings in Hexcel by 16.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock valued at $16,019,000 after buying an additional 30,652 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Hexcel during the 1st quarter valued at approximately $1,109,000. Institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling at Hexcel

In related news, Director Catherine A. Suever bought 400 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $68.33 per share, for a total transaction of $27,332.00. Following the completion of the purchase, the director now directly 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. In other Hexcel news, Director Catherine A. Suever purchased 400 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $68.33 per share, for a total transaction of $27,332.00. Following the completion of the purchase, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Guy C. Hachey purchased 3,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $64.53 per share, for a total transaction of $193,590.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $193,590. The disclosure for this purchase can be found here. Insiders have purchased 18,400 shares of company stock worth $1,214,672 over the last quarter. Insiders own 1.39% of the company’s stock.

Hexcel Stock Performance

HXL stock opened at $63.66 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The business has a 50-day moving average price of $65.67 and a 200 day moving average price of $68.74. The company has a market capitalization of $5.20 billion, a P/E ratio of 54.41, a PEG ratio of 1.39 and a beta of 1.28. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. As a group, equities research analysts forecast that Hexcel Co. will post 2.09 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, August 2nd will be paid a $0.15 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.60 annualized dividend and a yield of 0.94%. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised shares of Hexcel from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $81.00 to $95.00 in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a report on Friday, June 28th. Truist Financial cut their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Morgan Stanley cut their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Finally, Stifel Nicolaus cut their target price on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Two 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.71.

Hexcel 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.