Oak Thistle LLC Takes $401,000 Position in Hexcel Co. (NYSE:HXL)

Oak Thistle LLC acquired a new position in Hexcel Co. (NYSE:HXL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,509 shares of the aerospace company’s stock, valued at approximately $401,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hexcel by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 7,846,871 shares of the aerospace company’s stock valued at $578,707,000 after buying an additional 27,850 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Hexcel by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 4,344,230 shares of the aerospace company’s stock valued at $282,983,000 after purchasing an additional 47,591 shares during the period. TimesSquare Capital Management LLC increased 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 worth $110,850,000 after purchasing an additional 724,280 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings 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 buying an additional 864,405 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Hexcel by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,377,915 shares of the aerospace company’s stock worth $101,621,000 after buying an additional 81,389 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Catherine A. Suever purchased 400 shares of the 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 acquisition, the director now directly owns 15,748 shares in the company, valued at approximately $1,076,060.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Hexcel news, CEO Nick L. Stanage bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $64.29 per share, for a total transaction of $964,350.00. Following the purchase, the chief executive officer now directly owns 392,446 shares in the company, valued at $25,230,353.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Catherine A. Suever bought 400 shares of the stock in a transaction on 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 acquisition, the director now directly owns 15,748 shares in the company, 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 worth $2,820,322. 1.85% of the stock is currently owned by insiders.

Hexcel Trading Up 0.1 %

NYSE:HXL opened at $62.49 on Tuesday. The company has a market capitalization of $5.19 billion, a P/E ratio of 53.41, a P/E/G ratio of 1.17 and a beta of 1.28. The stock’s 50 day moving average price is $67.23 and its 200 day moving average price is $69.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $472.30 million for the quarter, compared to the consensus estimate of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. Hexcel’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. On average, research analysts forecast that Hexcel Co. will post 2.21 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Analyst Ratings Changes

HXL has been the topic of several analyst reports. Bank of America reissued an “underperform” rating and issued a $65.00 target price (down from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Stifel Nicolaus cut their target price on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday. Northcoast Research cut Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Friday. Finally, Truist Financial reduced their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.86.

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.