Victory Capital Management Inc. Raises Stock Holdings in Hexcel Co. (NYSE:HXL)

Victory Capital Management Inc. boosted its stake in Hexcel Co. (NYSE:HXL - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,377,915 shares of the aerospace company's stock after buying an additional 81,389 shares during the period. Victory Capital Management Inc. owned 1.64% of Hexcel worth $101,621,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Hexcel by 22.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,774 shares of the aerospace company's stock worth $572,000 after purchasing an additional 1,589 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Hexcel by 38.3% during the 3rd quarter. Brown Advisory Inc. now owns 74,563 shares of the aerospace company's stock valued at $4,857,000 after acquiring an additional 20,638 shares during the last quarter. Mastrapasqua Asset Management Inc. raised its holdings in shares of Hexcel by 67.0% during the third quarter. Mastrapasqua Asset Management Inc. now owns 32,566 shares of the aerospace company's stock valued at $2,121,000 after purchasing an additional 13,068 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hexcel by 21.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,199 shares of the aerospace company's stock valued at $1,120,000 after buying an additional 3,004 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Hexcel by 14.6% in the 3rd quarter. Strs Ohio now owns 20,569 shares of the aerospace company's stock worth $1,339,000 after buying an additional 2,620 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Up 0.4 %

Shares of HXL traded up $0.27 during trading hours on Friday, hitting $68.14. The company had a trading volume of 1,255,842 shares, compared to its average volume of 952,985. The company's fifty day moving average price is $69.85 and its two-hundred day moving average price is $69.37. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. Hexcel Co. has a one year low of $58.81 and a one year high of $79.08. The company has a market capitalization of $5.66 billion, a PE ratio of 58.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $472.30 million for the quarter, compared to the consensus estimate of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. As a group, equities analysts forecast that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, May 2nd. Hexcel's payout ratio is 51.28%.

Insider Transactions at Hexcel

In other news, CEO Tom Gentile acquired 15,000 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $66.25 per share, for a total transaction of $993,750.00. Following the purchase, the chief executive officer now owns 15,000 shares in the company, valued at $993,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hexcel news, CEO Tom Gentile purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $66.25 per share, for a total transaction of $993,750.00. Following the completion of the transaction, the chief executive officer now owns 15,000 shares of the company's stock, valued at approximately $993,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Guy C. Hachey acquired 3,000 shares of the business's stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $64.53 per share, with a total value of $193,590.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $193,590. The disclosure for this purchase can be found here. Insiders purchased 43,000 shares of company stock valued at $2,792,990 over the last 90 days. Corporate insiders own 1.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HXL shares. The Goldman Sachs Group raised their target price on Hexcel from $69.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Bank of America reaffirmed an "underperform" rating and set a $65.00 target price (down from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. StockNews.com cut shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Saturday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hexcel from $71.00 to $70.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Northcoast Research cut Hexcel from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $76.57.

Hexcel 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.