Central Pacific Bank Trust Division Grows Position in Hexcel Co. (NYSE:HXL)

Central Pacific Bank Trust Division increased its position in Hexcel Co. (NYSE:HXL) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,070 shares of the aerospace company’s stock after purchasing an additional 560 shares during the period. Central Pacific Bank Trust Division’s holdings in Hexcel were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HXL. Van ECK Associates Corp increased its stake in shares of Hexcel by 29.0% in the 2nd quarter. Van ECK Associates Corp now owns 5,301 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 1,192 shares in the last quarter. National Bank of Canada FI grew its holdings in Hexcel by 14.4% in the second quarter. National Bank of Canada FI now owns 117,266 shares of the aerospace company’s stock worth $7,328,000 after purchasing an additional 14,719 shares during the period. Savant Capital LLC increased its stake in shares of Hexcel by 238.8% during the second quarter. Savant Capital LLC now owns 47,521 shares of the aerospace company’s stock valued at $2,968,000 after purchasing an additional 33,493 shares in the last quarter. Caprock Group LLC bought a new position in Hexcel during the 2nd quarter valued at approximately $323,000. Finally, Oak Thistle LLC raised its position in shares of Hexcel by 194.0% in the 2nd quarter. Oak Thistle LLC now owns 16,195 shares of the aerospace company’s stock worth $1,011,000 after purchasing an additional 10,686 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Royal Bank of Canada upgraded shares of Hexcel from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $68.00 to $74.00 in a research report on Thursday, December 19th. Finally, BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.33.

Hexcel Trading Up 2.0 %

Shares of HXL stock opened at $63.02 on Friday. The stock’s 50 day simple moving average is $62.04 and its two-hundred day simple moving average is $62.42. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a market cap of $5.10 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same period in the prior year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Hexcel’s payout ratio is 45.80%.

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.