Fisher Asset Management LLC Has $6.15 Million Holdings in Hexcel Co. (NYSE:HXL)

Fisher Asset Management LLC trimmed its holdings in shares of Hexcel Co. (NYSE:HXL) by 17.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 83,419 shares of the aerospace company’s stock after selling 17,155 shares during the period. Fisher Asset Management LLC’s holdings in Hexcel were worth $6,152,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. bought a new position in shares of Hexcel in the 4th quarter valued at approximately $231,000. Victory Capital Management Inc. raised its position in shares of Hexcel by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,377,915 shares of the aerospace company’s stock valued at $101,621,000 after purchasing an additional 81,389 shares during the period. GAMMA Investing LLC bought a new position in shares of Hexcel in the fourth quarter valued at approximately $53,000. Cetera Trust Company N.A acquired a new stake in shares of Hexcel in the fourth quarter worth $30,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Hexcel by 4.0% during the 4th quarter. Handelsbanken Fonder AB now owns 12,974 shares of the aerospace company’s stock worth $957,000 after buying an additional 500 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey C. Campbell purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $64.13 per share, with a total value of $641,300.00. Following the completion of the purchase, the director now directly owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jeffrey C. Campbell bought 10,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of $64.13 per share, for a total transaction of $641,300.00. Following the completion of the transaction, the director now directly owns 17,803 shares in the company, valued at approximately $1,141,706.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nick L. Stanage purchased 15,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average cost of $64.29 per share, for a total transaction of $964,350.00. Following the purchase, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 43,400 shares of company stock valued at $2,820,322. Insiders own 1.85% of the company’s stock.

Hexcel Stock Up 3.3 %

Shares of HXL opened at $70.41 on Tuesday. The business’s 50 day simple moving average is $69.66 and its 200-day simple moving average is $69.45. Hexcel Co. has a one year low of $58.81 and a one year high of $79.08. The company has a market capitalization of $5.85 billion, a P/E ratio of 60.18, a PEG ratio of 1.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51.

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

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s payout ratio is presently 51.28%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HXL shares. UBS Group cut their target price on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $71.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. Bank of America reiterated an “underperform” rating and set a $65.00 price target (down from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. Finally, Northcoast Research downgraded shares of Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.57.

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.