American International Group Inc. bought a new stake in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,043 shares of the aerospace company’s stock, valued at approximately $126,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Rock Advisors LLC grew its position in Hexcel by 65.2% during the third quarter. Blue Rock Advisors LLC now owns 24,828 shares of the aerospace company’s stock valued at $1,425,000 after buying an additional 9,797 shares during the period. Atlantic Trust Group LLC lifted its holdings in Hexcel by 48.8% during the third quarter. Atlantic Trust Group LLC now owns 198,102 shares of the aerospace company’s stock valued at $11,374,000 after purchasing an additional 65,000 shares in the last quarter. Golden Gate Private Equity Inc. purchased a new position in Hexcel during the third quarter valued at approximately $5,558,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in Hexcel by 141.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 80,365 shares of the aerospace company’s stock valued at $4,613,000 after purchasing an additional 47,140 shares in the last quarter. Finally, Putnam FL Investment Management Co. purchased a new position in Hexcel during the third quarter valued at approximately $6,267,000. Institutional investors own 95.90% of the company’s stock.

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In other news, CEO Nick L. Stanage sold 27,174 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.01, for a total value of $1,739,407.74. Following the transaction, the chief executive officer now owns 181,637 shares of the company’s stock, valued at $11,626,584.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nick L. Stanage sold 18,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.00, for a total transaction 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 approximately $10,692,706. The disclosure for this sale can be found here. Insiders sold 70,174 shares of company stock worth $4,430,908 in the last three months. Insiders own 2.10% of the company’s stock.

Several equities analysts have weighed in on HXL shares. ValuEngine raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Hexcel from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, February 28th. Canaccord Genuity lifted their price target on shares of Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a report on Friday, January 26th. Loop Capital set a $64.00 price target on shares of Hexcel and gave the company a “hold” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $67.00 price target (up previously from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Hexcel presently has a consensus rating of “Hold” and an average target price of $65.90.

Hexcel Co. (NYSE:HXL) opened at $67.05 on Thursday. Hexcel Co. has a 1-year low of $49.20 and a 1-year high of $69.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 1.31. The company has a market cap of $6,020.00, a price-to-earnings ratio of 23.53, a PEG ratio of 2.66 and a beta of 1.17.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The firm had revenue of $511.70 million for the quarter, compared to the consensus estimate of $506.70 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts expect that Hexcel Co. will post 3.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, February 5th. Hexcel’s dividend payout ratio (DPR) is presently 17.54%.

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About Hexcel

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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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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