Cetera Trust Company N.A Makes New Investment in Hexcel Co. (NYSE:HXL)

Cetera Trust Company N.A bought a new position in Hexcel Co. (NYSE:HXL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 400 shares of the aerospace company’s stock, valued at approximately $30,000.

A number of other large investors have also added to or reduced their stakes in HXL. Massachusetts Financial Services Co. MA purchased a new stake in shares of Hexcel during the third quarter worth about $39,213,000. Envestnet Asset Management Inc. grew its stake in shares of Hexcel by 102.3% during the third quarter. Envestnet Asset Management Inc. now owns 643,487 shares of the aerospace company’s stock worth $41,917,000 after acquiring an additional 325,369 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Hexcel by 46.7% during the third quarter. TimesSquare Capital Management LLC now owns 778,775 shares of the aerospace company’s stock worth $50,729,000 after acquiring an additional 248,045 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Hexcel by 18.8% during the third quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company’s stock worth $95,254,000 after acquiring an additional 231,207 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Hexcel during the third quarter worth about $12,188,000. 95.47% of the stock is currently owned by institutional investors.

Hexcel Trading Up 1.3 %

Shares of HXL stock opened at $62.53 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 1.28 and a beta of 1.23. The stock has a 50 day simple moving average of $71.17 and a 200-day simple moving average of $69.55. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. On average, equities research analysts expect that Hexcel Co. will post 2.22 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is 48.39%.

Insider Activity at Hexcel

In related news, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares in the company, valued at approximately $3,608,074.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thierry Merlot sold 4,500 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the completion of the sale, the insider now directly owns 50,371 shares in the company, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HXL has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Northcoast Research lowered Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Stifel Nicolaus dropped their target price on Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets upped their target price on Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Finally, StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Two 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.50.

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.