Hexcel Co. (NYSE:HXL) Shares Purchased by Centerpoint Advisors LLC

Centerpoint Advisors LLC raised its holdings in shares of Hexcel Co. (NYSE:HXL) by 44.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 723 shares of the aerospace company’s stock after acquiring an additional 223 shares during the quarter. Centerpoint Advisors LLC’s holdings in Hexcel were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HXL. Norges Bank purchased a new position in Hexcel during the fourth quarter worth $66,597,000. Massachusetts Financial Services Co. MA raised its stake in Hexcel by 143.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company’s stock valued at $108,146,000 after purchasing an additional 864,405 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Hexcel by 93.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company’s stock valued at $110,850,000 after purchasing an additional 724,280 shares during the last quarter. Sei Investments Co. lifted its holdings in Hexcel by 17.3% in the 4th quarter. Sei Investments Co. now owns 1,236,068 shares of the aerospace company’s stock valued at $91,161,000 after purchasing an additional 182,333 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Hexcel by 225.6% during the 3rd quarter. Comerica Bank now owns 189,760 shares of the aerospace company’s stock worth $12,361,000 after purchasing an additional 131,473 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HXL shares. The Goldman Sachs Group upped their price objective on shares of Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Stifel Nicolaus decreased their price objective on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company upgraded Hexcel from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $95.00 in a research note on Wednesday, May 8th. Northcoast Research lowered Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $76.86.

Hexcel Trading Down 0.1 %

HXL traded down $0.08 during trading on Monday, hitting $64.74. 620,867 shares of the company’s stock were exchanged, compared to its average volume of 931,742. Hexcel Co. has a 1 year low of $58.81 and a 1 year high of $79.08. The stock has a 50 day moving average price of $67.29 and a 200 day moving average price of $69.54. The firm has a market cap of $5.38 billion, a P/E ratio of 55.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.28. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $472.30 million during the quarter, compared to analysts’ expectations of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. As a group, analysts expect that Hexcel Co. will post 2.18 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business 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. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Insiders Place Their Bets

In other news, Director Catherine A. Suever bought 400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost 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 filing with the SEC, which is available through the SEC website. In other Hexcel news, Director Catherine A. Suever bought 400 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the completion of the transaction, the director now owns 15,748 shares in the company, valued at $1,076,060.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey C. Campbell purchased 10,000 shares of Hexcel stock in a transaction that occurred 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 acquisition, the director now directly owns 17,803 shares of the company’s stock, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders purchased a total of 43,400 shares of company stock worth $2,820,322 in the last 90 days. 1.85% of the stock is owned by company insiders.

About Hexcel

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.