Kopion Asset Management LLC Sells 1,979 Shares of Hexcel Co. (NYSE:HXL)

Kopion Asset Management LLC cut its position in shares of Hexcel Co. (NYSE:HXL) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,035 shares of the aerospace company’s stock after selling 1,979 shares during the quarter. Hexcel accounts for 3.4% of Kopion Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Kopion Asset Management LLC owned approximately 0.06% of Hexcel worth $4,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel during the 1st quarter valued at about $25,000. Machina Capital S.A.S. bought a new stake in shares of Hexcel in the 1st quarter valued at approximately $27,000. Belpointe Asset Management LLC acquired a new position in shares of Hexcel in the 4th quarter worth approximately $32,000. CI Investments Inc. lifted its position in shares of Hexcel by 12,520.0% during the 4th quarter. CI Investments Inc. now owns 631 shares of the aerospace company’s stock worth $37,000 after buying an additional 626 shares during the period. Finally, Assetmark Inc. boosted its stake in Hexcel by 35.0% in the 4th quarter. Assetmark Inc. now owns 621 shares of the aerospace company’s stock valued at $37,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 94.71% of the company’s stock.

Insiders Place Their Bets

In other Hexcel news, insider Gail E. Lehman sold 1,571 shares of Hexcel stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $70.15, for a total value of $110,205.65. Following the transaction, the insider now owns 6,942 shares of the company’s stock, valued at $486,981.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com started coverage on Hexcel in a report on Thursday, August 17th. They set a “hold” rating for the company. Wolfe Research upgraded Hexcel from a “peer perform” rating to an “outperform” rating and set a $83.00 price objective for the company in a research report on Thursday, August 17th. Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $75.00 to $85.00 in a report on Tuesday, August 15th. BMO Capital Markets reduced their price target on shares of Hexcel from $74.00 to $73.00 and set a “market perform” rating on the stock in a research report on Monday, August 7th. Finally, Truist Financial lowered their price objective on shares of Hexcel from $73.00 to $71.00 in a research report on Wednesday, July 26th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.13.

Hexcel Trading Down 0.2 %

Shares of HXL stock traded down $0.17 during trading hours on Friday, reaching $68.30. The company had a trading volume of 1,409,565 shares, compared to its average volume of 585,802. Hexcel Co. has a 1-year low of $50.00 and a 1-year high of $79.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.93 and a quick ratio of 1.63. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 39.24 and a beta of 1.22. The company has a 50 day moving average of $71.69 and a 200 day moving average of $71.25.

Hexcel (NYSE:HXL) last issued its earnings results on Tuesday, July 25th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $454.30 million for the quarter, compared to analysts’ expectations of $450.15 million. Hexcel had a return on equity of 9.40% and a net margin of 8.73%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. On average, equities research analysts anticipate that Hexcel Co. will post 1.92 EPS for the current year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, August 3rd. Hexcel’s dividend payout ratio (DPR) is 28.74%.

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.