Truist Financial Corp Has $5.56 Million Position in Hexcel Co. (NYSE:HXL)

Truist Financial Corp cut its position in Hexcel Co. (NYSE:HXL) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,393 shares of the aerospace company’s stock after selling 5,237 shares during the quarter. Truist Financial Corp owned 0.09% of Hexcel worth $5,560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Trust Company N.A acquired a new position in shares of Hexcel in the 4th quarter valued at approximately $30,000. CENTRAL TRUST Co increased its position in Hexcel by 68.1% during the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 179 shares in the last quarter. RiverPark Advisors LLC acquired a new position in Hexcel during the 3rd quarter worth approximately $41,000. GAMMA Investing LLC acquired a new position in Hexcel during the 4th quarter worth approximately $53,000. Finally, Bleakley Financial Group LLC acquired a new position in Hexcel during the 4th quarter worth approximately $201,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HXL shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $71.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. Northcoast Research cut shares of Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Truist Financial decreased their price target on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 19th. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Stifel Nicolaus decreased their price target on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $76.57.

Insider Buying and Selling at Hexcel

In related news, insider Gina Fitzsimons sold 864 shares of the firm’s 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 transaction, the insider now directly owns 3,375 shares of the company’s stock, valued at $243,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hexcel news, CEO Nick L. Stanage purchased 15,000 shares of the stock in a transaction dated Friday, April 26th. The shares were bought at an average price of $64.29 per share, with a total value of $964,350.00. Following the completion of the transaction, the chief executive officer now directly owns 392,446 shares in the company, valued at approximately $25,230,353.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total transaction of $62,294.40. Following the transaction, the insider now directly owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 43,000 shares of company stock valued at $2,792,990. Corporate insiders own 1.39% of the company’s stock.

Hexcel Stock Up 0.4 %

Shares of NYSE HXL opened at $68.16 on Friday. The firm has a market cap of $5.66 billion, a PE ratio of 58.26, a P/E/G ratio of 1.43 and a beta of 1.25. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $79.08. The company’s fifty day simple moving average is $69.74 and its 200 day simple moving average is $69.38. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44.

Hexcel (NYSE:HXL) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. Hexcel’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, sell-side analysts forecast that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is 51.28%.

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.