Stone Ridge Asset Management LLC Buys New Holdings in Hexcel Co. (HXL)

Stone Ridge Asset Management LLC bought a new position in shares of Hexcel Co. (NYSE:HXL) during the fourth quarter, Holdings Channel reports. The fund bought 14,135 shares of the aerospace company’s stock, valued at approximately $874,000.

Other hedge funds have also bought and sold shares of the company. American International Group Inc. acquired a new position in shares of Hexcel during the 4th quarter worth approximately $126,000. SG Americas Securities LLC bought a new stake in Hexcel in the 4th quarter valued at $136,000. Fieldpoint Private Securities LLC bought a new stake in Hexcel in the 3rd quarter valued at $142,000. The Manufacturers Life Insurance Company boosted its stake in Hexcel by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after purchasing an additional 200 shares during the period. Finally, Twin Tree Management LP bought a new stake in Hexcel in the 4th quarter valued at $271,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hexcel Co. (NYSE HXL) opened at $66.69 on Tuesday. The firm has a market capitalization of $6,002.38, a price-to-earnings ratio of 24.93, a PEG ratio of 2.60 and a beta of 1.17. The company has a current ratio of 2.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.54. Hexcel Co. has a 1 year low of $49.20 and a 1 year high of $69.52.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $511.70 million during the quarter, compared to the consensus estimate of $506.70 million. Hexcel had a return on equity of 17.86% and a net margin of 14.39%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. sell-side analysts anticipate that Hexcel Co. will post 3.04 earnings per share for the current year.

In other news, CEO Nick L. Stanage sold 27,174 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the completion of the sale, the chief executive officer now directly owns 181,637 shares in the company, valued at approximately $11,626,584.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nick L. Stanage sold 25,000 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $63.02, for a total value of $1,575,500.00. Following the sale, the chief executive officer now owns 179,463 shares of the company’s stock, valued at $11,309,758.26. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

HXL has been the subject of several recent research reports. Stephens initiated coverage on Hexcel in a research note on Wednesday, December 6th. They issued an “overweight” rating and a $74.00 price target for the company. Canaccord Genuity boosted their price target on Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, January 26th. Credit Suisse Group restated a “neutral” rating and issued a $67.00 price target (up from $60.00) on shares of Hexcel in a research note on Wednesday, December 13th. Zacks Investment Research downgraded Hexcel from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, Loop Capital set a $64.00 price target on Hexcel and gave the company a “hold” rating in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $65.90.

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Hexcel Profile

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.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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