NBW Capital LLC Has $1.78 Million Stock Holdings in Hexcel Co. (NYSE:HXL)

NBW Capital LLC lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,134 shares of the aerospace company’s stock after selling 830 shares during the quarter. NBW Capital LLC’s holdings in Hexcel were worth $1,780,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Federated Hermes Inc. boosted its stake in shares of Hexcel by 12.0% during the 4th quarter. Federated Hermes Inc. now owns 9,918 shares of the aerospace company’s stock worth $731,000 after acquiring an additional 1,066 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hexcel by 7.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,507 shares of the aerospace company’s stock worth $1,365,000 after acquiring an additional 1,308 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Hexcel during the 4th quarter worth about $1,740,000. Simplicity Solutions LLC bought a new stake in shares of Hexcel during the 4th quarter worth about $201,000. Finally, Ingalls & Snyder LLC boosted its stake in shares of Hexcel by 2.5% during the 4th quarter. Ingalls & Snyder LLC now owns 412,157 shares of the aerospace company’s stock worth $30,397,000 after acquiring an additional 9,883 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Transactions at Hexcel

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

Analyst Ratings Changes

Several brokerages recently weighed in on HXL. The Goldman Sachs Group increased their target price on Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Bank of America restated an “underperform” rating and set a $65.00 target price (down previously from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Northcoast Research downgraded Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, BMO Capital Markets increased their target price on Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Hexcel has an average rating of “Hold” and an average target price of $76.93.

Hexcel Price Performance

Shares of HXL traded down $0.09 during mid-day trading on Thursday, reaching $61.81. The company had a trading volume of 349,808 shares, compared to its average volume of 857,624. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. The company’s 50-day moving average is $71.80 and its 200-day moving average is $69.60. The company has a market capitalization of $5.14 billion, a P/E ratio of 49.98, a P/E/G ratio of 1.28 and a beta of 1.23.

Hexcel (NYSE:HXL) last issued its earnings results on Thursday, January 25th. The aerospace company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The company had revenue of $457.50 million during the quarter, compared to analyst estimates of $474.01 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Hexcel Co. will post 2.23 EPS for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were given a $0.15 dividend. This is a positive change from Hexcel’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, February 8th. Hexcel’s dividend payout ratio (DPR) is currently 48.39%.

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.