Amalgamated Bank trimmed its holdings in shares of Hexcel Co. (NYSE:HXL – Get Rating) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,967 shares of the aerospace company's stock after selling 2,133 shares during the quarter. Amalgamated Bank owned 0.07% of Hexcel worth $3,447,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Hexcel by 1.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,247 shares of the aerospace company's stock valued at $1,026,000 after acquiring an additional 262 shares during the last quarter. Ellevest Inc. increased its position in shares of Hexcel by 128.1% during the first quarter. Ellevest Inc. now owns 568 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 319 shares during the last quarter. Private Capital Group LLC increased its position in shares of Hexcel by 21.3% during the first quarter. Private Capital Group LLC now owns 2,164 shares of the aerospace company's stock valued at $129,000 after acquiring an additional 380 shares during the last quarter. Semper Augustus Investments Group LLC increased its position in shares of Hexcel by 0.6% during the fourth quarter. Semper Augustus Investments Group LLC now owns 71,518 shares of the aerospace company's stock valued at $3,705,000 after acquiring an additional 400 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Hexcel by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the aerospace company's stock valued at $1,280,000 after purchasing an additional 400 shares during the period. 97.56% of the stock is owned by hedge funds and other institutional investors.
Get Hexcel alerts:Insider Activity at Hexcel
In other Hexcel news, insider Thierry Merlot sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $60.83, for a total transaction of $152,075.00. Following the sale, the insider now owns 34,011 shares in the company, valued at $2,068,889.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is owned by corporate insiders.
Hexcel Price Performance
NYSE:HXL opened at $55.44 on Friday. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 51.81 and a beta of 1.25. Hexcel Co. has a 52-week low of $46.77 and a 52-week high of $65.82. The stock has a fifty day moving average of $59.77 and a 200 day moving average of $56.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.55 and a current ratio of 2.55.Hexcel (NYSE:HXL – Get Rating) last posted its quarterly earnings data on Monday, July 25th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $393.00 million during the quarter, compared to analyst estimates of $391.89 million. Hexcel had a return on equity of 4.79% and a net margin of 6.12%. The firm's quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. On average, research analysts expect that Hexcel Co. will post 1.2 EPS for the current fiscal year.
Hexcel Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, August 4th. Hexcel's dividend payout ratio is 37.38%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on HXL shares. BMO Capital Markets increased their price objective on Hexcel from $57.00 to $66.00 and gave the company a "market perform" rating in a report on Tuesday, August 2nd. Wells Fargo & Company increased their price objective on Hexcel to $63.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Vertical Research increased their price objective on Hexcel to $60.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a report on Thursday, September 15th. Finally, Morgan Stanley raised Hexcel from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $59.00 to $68.00 in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus target price of $59.20.
Hexcel Company Profile
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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains.
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