American International Group Inc. Buys New Stake in Hexcel Co. (HXL)
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.
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.
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%.
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.
Want to see what other hedge funds are holding HXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hexcel Co. (NYSE:HXL).
Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.