International Assets Investment Management LLC Invests $4.77 Million in Hexcel Co. (NYSE:HXL)

International Assets Investment Management LLC purchased a new stake in Hexcel Co. (NYSE:HXL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,679 shares of the aerospace company’s stock, valued at approximately $4,770,000. International Assets Investment Management LLC owned about 0.08% of Hexcel at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC acquired a new stake in Hexcel during the 4th quarter valued at $201,000. Ceredex Value Advisors LLC increased its position in Hexcel by 16.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock worth $16,019,000 after purchasing an additional 30,652 shares in the last quarter. New York State Teachers Retirement System raised its stake in Hexcel by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock valued at $4,576,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Hexcel by 4.9% in the 4th quarter. Fifth Third Bancorp now owns 48,374 shares of the aerospace company’s stock valued at $3,568,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Hexcel by 18.4% in the 4th quarter. Blue Trust Inc. now owns 3,193 shares of the aerospace company’s stock valued at $235,000 after purchasing an additional 496 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Up 2.1 %

Shares of NYSE:HXL opened at $72.65 on Thursday. The company has a 50 day moving average of $69.53 and a two-hundred day moving average of $69.52. Hexcel Co. has a 52-week low of $58.81 and a 52-week high of $79.08. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 62.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25.

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

Hexcel Dividend Announcement

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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. Hexcel’s dividend payout ratio (DPR) is 51.28%.

Insider Transactions at Hexcel

In other news, Director Catherine A. Suever purchased 400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the completion of the purchase, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the stock in a transaction 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 sale, the insider now directly owns 3,375 shares of the company’s stock, valued at $243,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine A. Suever purchased 400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the completion of the acquisition, the director now directly owns 15,748 shares in the company, valued at approximately $1,076,060.84. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 43,400 shares of company stock valued at $2,820,322. Insiders own 1.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HXL. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Morgan Stanley cut Hexcel from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $70.00 to $66.00 in a report on Thursday, February 22nd. Truist Financial dropped their target price on Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Barclays decreased their target price on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Hexcel in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus target price of $77.57.

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.