3,600 Shares in Hexcel Corporation (HXL) Acquired by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. bought a new position in shares of Hexcel Corporation (NYSE:HXL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,600 shares of the aerospace company’s stock, valued at approximately $207,000.
Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Hexcel Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 200 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Hexcel Corporation during the second quarter worth $202,000. Pacad Investment Ltd. purchased a new stake in shares of Hexcel Corporation during the second quarter worth $206,000. AHL Partners LLP purchased a new stake in shares of Hexcel Corporation during the second quarter worth $207,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Hexcel Corporation during the first quarter worth $219,000. Hedge funds and other institutional investors own 96.50% of the company’s stock.
Hexcel Corporation (NYSE HXL) opened at $60.42 on Friday. The company has a market capitalization of $5,457.79, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53. Hexcel Corporation has a 12 month low of $46.95 and a 12 month high of $63.93.
Hexcel Corporation (NYSE:HXL) last released its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. The business had revenue of $491.50 million for the quarter, compared to analysts’ expectations of $507.77 million. Hexcel Corporation had a return on equity of 18.40% and a net margin of 13.13%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. equities analysts forecast that Hexcel Corporation will post 2.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. Hexcel Corporation’s dividend payout ratio is presently 18.05%.
HXL has been the topic of several recent research reports. BidaskClub upgraded Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Canaccord Genuity restated a “hold” rating and set a $54.00 target price on shares of Hexcel Corporation in a research report on Monday, July 24th. Cowen and Company restated a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price target (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Finally, Vertical Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $58.00 to $54.00 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $59.20.
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In other news, insider Thierry Merlot sold 3,748 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $61.19, for a total transaction of $229,340.12. Following the transaction, the insider now directly owns 13,691 shares of the company’s stock, valued at $837,752.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Brubaker sold 6,948 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $61.67, for a total value of $428,483.16. Following the transaction, the director now directly owns 7,107 shares in the company, valued at $438,288.69. The disclosure for this sale can be found here. Insiders have sold 13,304 shares of company stock worth $823,040 over the last ninety days. Insiders own 2.10% of the company’s stock.
Hexcel Corporation Profile
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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