Mather Group LLC. Invests $136,000 in Hexcel Co. (NYSE:HXL)

Mather Group LLC. purchased a new stake in Hexcel Co. (NYSE:HXL) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,844 shares of the aerospace company’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HXL. Cetera Trust Company N.A purchased a new position in Hexcel in the 4th quarter valued at about $30,000. Principal Securities Inc. purchased a new position in Hexcel in the 4th quarter valued at about $51,000. GAMMA Investing LLC purchased a new position in Hexcel in the 4th quarter valued at about $53,000. Arcadia Investment Management Corp MI lifted its stake in Hexcel by 41.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 908 shares of the aerospace company’s stock valued at $67,000 after buying an additional 267 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel lifted its stake in Hexcel by 775.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 954 shares of the aerospace company’s stock valued at $71,000 after buying an additional 845 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hexcel

In other news, CEO Nick L. Stanage acquired 15,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $64.29 per share, with a total value of $964,350.00. Following the transaction, the chief executive officer now owns 392,446 shares in the company, valued at $25,230,353.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Catherine A. Suever acquired 400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the transaction, the director now owns 15,748 shares in the company, valued at $1,076,060.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Nick L. Stanage purchased 15,000 shares of Hexcel stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average cost of $64.29 per share, with a total value of $964,350.00. Following the completion of the transaction, the chief executive officer now owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. In the last three months, insiders bought 43,400 shares of company stock valued at $2,820,322. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial cut their price objective on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group cut their price objective on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Morgan Stanley downgraded shares of Hexcel from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $70.00 to $66.00 in a report on Thursday, February 22nd. Northcoast Research downgraded shares of Hexcel from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company upgraded shares of Hexcel from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $81.00 to $95.00 in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and a consensus price target of $77.29.

Hexcel Stock Performance

Shares of HXL stock opened at $64.46 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08. The stock has a market capitalization of $5.36 billion, a PE ratio of 55.09, a P/E/G ratio of 1.19 and a beta of 1.31. The firm has a 50 day moving average of $67.04 and a two-hundred day moving average of $70.21.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company had revenue of $472.30 million during the quarter, compared to analysts’ expectations of $468.93 million. During the same quarter last year, the company posted $0.50 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts predict that Hexcel Co. will post 2.21 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. Hexcel’s dividend payout ratio (DPR) is currently 51.28%.

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.