Hexcel Co. (NYSE:HXL) Stock Holdings Increased by World Asset Management Inc

World Asset Management Inc increased its position in shares of Hexcel Co. (NYSE:HXL) by 19.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,589 shares of the aerospace company’s stock after acquiring an additional 594 shares during the quarter. World Asset Management Inc’s holdings in Hexcel were worth $290,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Machina Capital S.A.S. grew its position in Hexcel by 22.4% in the second quarter. Machina Capital S.A.S. now owns 743 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 136 shares in the last quarter. Private Capital Group LLC grew its position in Hexcel by 15.2% in the first quarter. Private Capital Group LLC now owns 1,961 shares of the aerospace company’s stock worth $136,000 after acquiring an additional 259 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Hexcel by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 96,982 shares of the aerospace company’s stock worth $6,707,000 after acquiring an additional 260 shares in the last quarter. Comerica Bank grew its position in Hexcel by 4.7% in the first quarter. Comerica Bank now owns 5,892 shares of the aerospace company’s stock worth $401,000 after acquiring an additional 266 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Hexcel by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 11,241 shares of the aerospace company’s stock worth $775,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

In other news, insider Thierry Merlot sold 3,241 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $71.00, for a total value of $230,111.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly A. Hendricks sold 3,500 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $76.00, for a total transaction of $266,000.00. Following the completion of the transaction, the insider now owns 30,843 shares of the company’s stock, valued at approximately $2,344,068. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,574 shares of company stock valued at $1,000,394. Corporate insiders own 1.40% of the company’s stock.

HXL has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Credit Suisse Group upped their price objective on shares of Hexcel from $72.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Cowen reaffirmed a “buy” rating and set a $75.00 price objective on shares of Hexcel in a report on Wednesday, April 24th. UBS Group raised shares of Hexcel from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $67.00 to $76.00 in a report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Hexcel currently has an average rating of “Buy” and an average target price of $81.78.

NYSE:HXL traded down $2.11 during trading hours on Monday, hitting $77.66. 7,597 shares of the company traded hands, compared to its average volume of 480,703. The company has a market capitalization of $6.79 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. Hexcel Co. has a twelve month low of $53.50 and a twelve month high of $85.63. The stock’s 50-day moving average price is $80.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.22 and a quick ratio of 1.28.

Hexcel (NYSE:HXL) last released its earnings results on Monday, July 22nd. The aerospace company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06. The firm had revenue of $609.00 million during the quarter, compared to analysts’ expectations of $606.03 million. Hexcel had a net margin of 12.90% and a return on equity of 21.45%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, analysts expect that Hexcel Co. will post 3.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be paid a dividend of $0.17 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 1st. Hexcel’s dividend payout ratio is presently 22.30%.

About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

Further Reading: What is a Fiduciary?

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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