NBW Capital LLC Sells 830 Shares of Hexcel Co. (NYSE:HXL)

NBW Capital LLC trimmed its position in shares of Hexcel Co. (NYSE:HXL) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 24,134 shares of the aerospace company’s stock after selling 830 shares during the period. NBW Capital LLC’s holdings in Hexcel were worth $1,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in Hexcel by 12.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,268 shares of the aerospace company’s stock valued at $492,000 after acquiring an additional 922 shares in the last quarter. US Bancorp DE grew its stake in Hexcel by 17.0% during the first quarter. US Bancorp DE now owns 11,064 shares of the aerospace company’s stock valued at $658,000 after acquiring an additional 1,609 shares in the last quarter. HighTower Advisors LLC grew its stake in Hexcel by 10.6% during the first quarter. HighTower Advisors LLC now owns 17,097 shares of the aerospace company’s stock valued at $1,017,000 after acquiring an additional 1,641 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Hexcel by 18.0% during the first quarter. PNC Financial Services Group Inc. now owns 16,823 shares of the aerospace company’s stock valued at $1,000,000 after acquiring an additional 2,567 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Hexcel by 22.7% during the first quarter. Bank of Montreal Can now owns 34,884 shares of the aerospace company’s stock valued at $2,087,000 after acquiring an additional 6,443 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Activity at Hexcel

In related news, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at approximately $243,337.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at approximately $243,337.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thierry Merlot sold 4,500 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the sale, the insider now owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by company insiders.

Hexcel Trading Down 0.1 %

Shares of Hexcel stock traded down $0.09 during trading on Thursday, hitting $61.81. The stock had a trading volume of 349,808 shares, compared to its average volume of 857,624. Hexcel Co. has a 12 month low of $58.81 and a 12 month high of $79.08. The firm’s fifty day simple moving average is $71.80 and its 200-day simple moving average is $69.60. The stock has a market cap of $5.14 billion, a PE ratio of 49.98, a PEG ratio of 1.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $474.01 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Hexcel Co. will post 2.23 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were issued a dividend of $0.15 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. Hexcel’s dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HXL. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Hexcel in a research note on Wednesday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America reissued an “underperform” rating and issued a $65.00 price objective (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, Morgan Stanley cut shares of Hexcel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $70.00 to $66.00 in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.93.

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.