Caxton Associates LP Acquires Shares of 75,000 Hexcel Co. (NYSE:HXL)

Caxton Associates LP acquired a new stake in shares of Hexcel Co. (NYSE:HXL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 75,000 shares of the aerospace company’s stock, valued at approximately $3,959,000. Caxton Associates LP owned about 0.08% of Hexcel as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HXL. BlackRock Inc. lifted its holdings in shares of Hexcel by 12,782.1% in the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock valued at $255,874,000 after purchasing an additional 4,654,206 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Hexcel during the first quarter worth $41,982,000. Morgan Stanley raised its holdings in shares of Hexcel by 236.2% during the first quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock worth $23,219,000 after acquiring an additional 299,028 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hexcel by 3.8% during the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock worth $382,143,000 after acquiring an additional 257,243 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Hexcel by 11.6% during the second quarter. Schroder Investment Management Group now owns 2,000,232 shares of the aerospace company’s stock worth $104,652,000 after acquiring an additional 208,439 shares in the last quarter. Institutional investors own 96.61% of the company’s stock.

Several research firms have commented on HXL. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price target (down from $52.00) on shares of Hexcel in a research report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and issued a $57.00 target price on shares of Hexcel in a research note on Monday, July 24th. Loop Capital began coverage on shares of Hexcel in a research note on Thursday, September 28th. They issued a “hold” rating and a $61.00 target price for the company. Zacks Investment Research cut shares of Hexcel from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, BidaskClub upgraded shares of Hexcel from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Hexcel presently has an average rating of “Hold” and a consensus price target of $58.00.

Hexcel Co. (NYSE HXL) traded down 1.11% during mid-day trading on Tuesday, reaching $58.73. 227,132 shares of the company’s stock were exchanged. Hexcel Co. has a 12 month low of $41.91 and a 12 month high of $60.41. The stock has a 50-day moving average of $56.34 and a 200-day moving average of $53.29. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 21.51 and a beta of 1.04.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.02). Hexcel had a return on equity of 19.06% and a net margin of 12.38%. The business had revenue of $491.30 million during the quarter, compared to the consensus estimate of $518.29 million. During the same quarter last year, the company earned $0.70 EPS. Hexcel’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts anticipate that Hexcel Co. will post $2.68 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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