GW&K Investment Management LLC Increases Stock Position in Hexcel Co. (NYSE:HXL)

GW&K Investment Management LLC boosted its stake in Hexcel Co. (NYSE:HXL) by 13.2% during the third quarter, HoldingsChannel reports. The firm owned 426,511 shares of the aerospace company’s stock after buying an additional 49,723 shares during the period. GW&K Investment Management LLC’s holdings in Hexcel were worth $35,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning raised its stake in Hexcel by 4.3% in the second quarter. Creative Planning now owns 3,034 shares of the aerospace company’s stock valued at $245,000 after purchasing an additional 124 shares in the last quarter. Machina Capital S.A.S. raised its stake in Hexcel by 22.4% in the second quarter. Machina Capital S.A.S. now owns 743 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 136 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Hexcel by 0.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,279 shares of the aerospace company’s stock valued at $1,478,000 after purchasing an additional 158 shares in the last quarter. HM Capital Management LLC raised its stake in Hexcel by 1.1% in the third quarter. HM Capital Management LLC now owns 14,555 shares of the aerospace company’s stock valued at $1,195,000 after purchasing an additional 160 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its stake in Hexcel by 0.4% in the second quarter. Wesbanco Bank Inc. now owns 56,740 shares of the aerospace company’s stock valued at $4,590,000 after purchasing an additional 217 shares in the last quarter. 95.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of HXL stock traded up $0.57 during trading hours on Friday, hitting $77.45. 392,285 shares of the company’s stock were exchanged, compared to its average volume of 487,193. The company has a market capitalization of $6.53 billion, a PE ratio of 25.39, a PEG ratio of 2.29 and a beta of 1.00. Hexcel Co. has a 12-month low of $53.50 and a 12-month high of $87.00. The business’s 50 day simple moving average is $77.43 and its 200-day simple moving average is $77.88. The company has a current ratio of 2.22, a quick ratio of 1.21 and a debt-to-equity ratio of 0.79.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. Hexcel had a net margin of 12.73% and a return on equity of 21.74%. The company had revenue of $572.50 million for the quarter, compared to the consensus estimate of $598.88 million. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts anticipate that Hexcel Co. will post 3.52 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 31st. Hexcel’s payout ratio is 22.30%.

In related news, insider Robert George Hennemuth sold 37,544 shares of Hexcel stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $83.56, for a total value of $3,137,176.64. Following the transaction, the insider now directly owns 73,046 shares of the company’s stock, valued at $6,103,723.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brett Raymond Schneider sold 4,417 shares of Hexcel stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $81.61, for a total transaction of $360,471.37. Following the completion of the transaction, the insider now directly owns 10,201 shares in the company, valued at $832,503.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,623 shares of company stock worth $4,840,665. 1.40% of the stock is owned by insiders.

Several research analysts have commented on the stock. KeyCorp lifted their price target on shares of Hexcel from $86.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Cowen set a $87.00 price target on shares of Hexcel and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Co assumed coverage on shares of Hexcel in a research note on Tuesday, October 15th. They set a “market perform” rating and a $85.00 price target on the stock. Goldman Sachs Group downgraded shares of Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 price target on the stock. in a research note on Friday, August 16th. Finally, BMO Capital Markets lifted their price target on shares of Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Hexcel presently has a consensus rating of “Hold” and a consensus target price of $82.21.

About Hexcel

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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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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