Park Place Capital Corp Decreases Position in Hexcel Co. (NYSE:HXL)

Park Place Capital Corp lessened its holdings in shares of Hexcel Co. (NYSE:HXL) by 47.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 561 shares of the aerospace company’s stock after selling 512 shares during the period. Park Place Capital Corp’s holdings in Hexcel were worth $41,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. raised its stake in Hexcel by 64.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,836 shares of the aerospace company’s stock worth $498,000 after acquiring an additional 2,676 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Hexcel by 86.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,785 shares of the aerospace company’s stock worth $859,000 after acquiring an additional 5,476 shares during the last quarter. Sarasin & Partners LLP purchased a new position in Hexcel in the 1st quarter worth $2,831,000. Park Avenue Securities LLC raised its stake in Hexcel by 2.0% in the 1st quarter. Park Avenue Securities LLC now owns 14,407 shares of the aerospace company’s stock worth $1,050,000 after acquiring an additional 287 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in Hexcel by 12.0% in the 1st quarter. Fulton Bank N.A. now owns 3,782 shares of the aerospace company’s stock worth $276,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

HXL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday. UBS Group dropped their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company upgraded Hexcel from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $95.00 in a report on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, 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 note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.86.

Hexcel Stock Up 0.1 %

Shares of NYSE HXL opened at $62.49 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. The firm has a market cap of $5.19 billion, a P/E ratio of 53.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.28. Hexcel Co. has a 1 year low of $58.81 and a 1 year high of $79.08. The firm’s 50 day moving average price is $67.23 and its 200 day moving average price is $69.78.

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

Hexcel Dividend Announcement

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

Insider Activity at Hexcel

In other news, Director Catherine A. Suever bought 400 shares of Hexcel stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $68.33 per share, with a total value of $27,332.00. Following the purchase, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Catherine A. Suever purchased 400 shares of the business’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 acquisition, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nick L. Stanage purchased 15,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of $64.29 per share, for a total transaction of $964,350.00. Following the acquisition, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. Insiders acquired a total of 43,400 shares of company stock valued at $2,820,322 in the last quarter. Insiders own 1.85% of the company’s stock.

Hexcel Company 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.