Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Hexcel Co. (NYSE:HXL) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,997 shares of the aerospace company’s stock after selling 2,849 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hexcel were worth $2,845,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in Hexcel by 0.5% during the 2nd quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock valued at $275,000 after buying an additional 24 shares during the period. The Manufacturers Life Insurance Company increased its stake in Hexcel by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after buying an additional 200 shares during the period. Prudential Financial Inc. increased its stake in Hexcel by 5.1% during the 2nd quarter. Prudential Financial Inc. now owns 6,136 shares of the aerospace company’s stock valued at $324,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. increased its stake in Hexcel by 6.2% during the 3rd quarter. Pacer Advisors Inc. now owns 14,481 shares of the aerospace company’s stock valued at $831,000 after buying an additional 844 shares during the period. Finally, Commonwealth Equity Services Inc increased its stake in Hexcel by 1.9% during the 3rd quarter. Commonwealth Equity Services Inc now owns 62,414 shares of the aerospace company’s stock valued at $3,583,000 after buying an additional 1,180 shares during the period. 97.67% of the stock is currently owned by hedge funds and other institutional investors.
In other Hexcel news, CEO Nick L. Stanage sold 18,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.00, for a total value of $1,116,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,463 shares in the company, valued at $10,692,706. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nick L. Stanage sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total transaction of $434,070.00. Following the completion of the transaction, the chief executive officer now owns 161,463 shares of the company’s stock, valued at $10,012,320.63. The disclosure for this sale can be found here. Insiders sold a total of 90,667 shares of company stock worth $5,678,201 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.
Hexcel Co. (HXL) opened at $63.42 on Friday. The stock has a market cap of $5,680.75, a P/E ratio of 23.59, a PEG ratio of 2.46 and a beta of 1.20. The company has a quick ratio of 1.53, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. Hexcel Co. has a 52 week low of $49.20 and a 52 week high of $69.27.
Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. The company had revenue of $511.70 million for the quarter, compared to analysts’ expectations of $506.70 million. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. research analysts expect that Hexcel Co. will post 3.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th will be paid a $0.125 dividend. The ex-dividend date is Monday, February 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.79%. Hexcel’s dividend payout ratio is currently 16.18%.
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Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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