Amalgamated Bank Sells 2,133 Shares of Hexcel Co. (NYSE:HXL)

Amalgamated Bank trimmed its position in shares of Hexcel Co. (NYSE:HXLGet Rating) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,967 shares of the aerospace company’s stock after selling 2,133 shares during the quarter. Amalgamated Bank’s holdings in Hexcel were worth $3,447,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HXL. Alliancebernstein L.P. boosted its position in Hexcel by 23.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,778,628 shares of the aerospace company’s stock valued at $299,333,000 after acquiring an additional 1,111,217 shares in the last quarter. Canyon Capital Advisors LLC bought a new stake in Hexcel during the 1st quarter valued at approximately $53,660,000. Millennium Management LLC bought a new stake in shares of Hexcel in the 4th quarter worth approximately $32,083,000. BlackRock Inc. boosted its position in shares of Hexcel by 6.0% in the 1st quarter. BlackRock Inc. now owns 8,420,295 shares of the aerospace company’s stock worth $500,755,000 after purchasing an additional 475,375 shares in the last quarter. Finally, Leeward Investments LLC MA bought a new stake in shares of Hexcel in the 1st quarter worth approximately $26,972,000. 97.56% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of HXL opened at $55.44 on Friday. The firm has a market cap of $4.66 billion, a PE ratio of 51.81 and a beta of 1.25. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $56.74. Hexcel Co. has a 1-year low of $46.77 and a 1-year high of $65.82.

Hexcel (NYSE:HXLGet Rating) last announced its earnings results on Monday, July 25th. The aerospace company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $393.00 million during the quarter, compared to analyst estimates of $391.89 million. Hexcel had a net margin of 6.12% and a return on equity of 4.79%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. On average, equities analysts anticipate that Hexcel Co. will post 1.2 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were paid a $0.10 dividend. The ex-dividend date was Thursday, August 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. Hexcel’s dividend payout ratio (DPR) is 37.38%.

Analysts Set New Price Targets

HXL has been the topic of a number of analyst reports. Vertical Research boosted their price target on Hexcel to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th. Morgan Stanley raised Hexcel from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $59.00 to $68.00 in a research report on Thursday, September 8th. Wells Fargo & Company boosted their price target on Hexcel to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, BMO Capital Markets boosted their price objective on shares of Hexcel from $57.00 to $66.00 and gave the stock a “market perform” rating in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued 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 $59.20.

Insider Transactions at Hexcel

In other news, insider Thierry Merlot sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $60.83, for a total value of $152,075.00. Following the completion of the sale, the insider now directly owns 34,011 shares in the company, valued at approximately $2,068,889.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is currently owned by company insiders.

About Hexcel

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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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