WINTON GROUP Ltd lifted its stake in shares of Hexcel Co. (NYSE:HXL) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,465 shares of the aerospace company’s stock after acquiring an additional 1,063 shares during the period. WINTON GROUP Ltd’s holdings in Hexcel were worth $523,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of HXL. Great West Life Assurance Co. Can boosted its holdings in Hexcel by 9.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 10,971 shares of the aerospace company’s stock valued at $606,000 after purchasing an additional 927 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Hexcel in the 4th quarter worth about $1,072,000. Two Sigma Advisers LP acquired a new stake in Hexcel in the 4th quarter worth about $370,000. MML Investors Services LLC acquired a new stake in Hexcel in the 4th quarter worth about $216,000. Finally, Legal & General Group Plc boosted its stake in Hexcel by 9.1% in the 4th quarter. Legal & General Group Plc now owns 62,988 shares of the aerospace company’s stock worth $3,612,000 after buying an additional 5,254 shares during the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.
In other Hexcel news, insider Brett Raymond Schneider sold 2,210 shares of Hexcel stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $70.30, for a total transaction of $155,363.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gail E. Lehman sold 733 shares of Hexcel stock in a transaction on Friday, May 24th. The shares were sold at an average price of $74.56, for a total value of $54,652.48. Following the sale, the insider now directly owns 733 shares in the company, valued at approximately $54,652.48. The disclosure for this sale can be found here. Insiders have sold a total of 15,784 shares of company stock worth $1,155,757 in the last ninety days. 1.40% of the stock is owned by company insiders.
Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, July 22nd. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. Hexcel had a return on equity of 21.45% and a net margin of 12.90%. The business had revenue of $609.00 million during the quarter, compared to analyst estimates of $606.03 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts forecast that Hexcel Co. will post 3.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, August 1st. This represents a $0.68 annualized dividend and a yield of 0.82%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is presently 19.67%.
A number of analysts have issued reports on the company. ValuEngine raised YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Credit Suisse Group raised their price target on Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. KeyCorp raised their price target on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. UBS Group lowered AGL Energy to a “sell” rating in a research note on Thursday, May 23rd. Finally, Bank of America reissued a “buy” rating and issued a $90.00 price target (down from $95.00) on shares of Hexcel in a research note on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $81.78.
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 in 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 cars, boats, and trains.
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