Hexcel Co. (HXL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in Hexcel Co. (NYSE:HXL) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,975,639 shares of the aerospace company’s stock after selling 29,723 shares during the period. Vanguard Group Inc. owned 7.77% of Hexcel worth $368,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HXL. BlackRock Inc. grew its holdings in shares of Hexcel by 5.0% during the second quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock valued at $259,946,000 after buying an additional 233,521 shares during the last quarter. Broad Run Investment Management LLC grew its holdings in shares of Hexcel by 3.4% during the first quarter. Broad Run Investment Management LLC now owns 2,951,469 shares of the aerospace company’s stock valued at $161,003,000 after buying an additional 96,115 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Hexcel by 4.4% during the second quarter. Eagle Asset Management Inc. now owns 2,077,238 shares of the aerospace company’s stock valued at $109,657,000 after buying an additional 87,947 shares during the last quarter. Schroder Investment Management Group grew 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 valued at $104,652,000 after buying an additional 208,439 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Hexcel by 2.0% during the second quarter. William Blair Investment Management LLC now owns 1,839,816 shares of the aerospace company’s stock valued at $97,124,000 after buying an additional 36,893 shares during the last quarter. 96.61% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on HXL shares. Zacks Investment Research cut shares of Hexcel from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Canaccord Genuity restated a “hold” rating and set a $54.00 price target on shares of Hexcel in a report on Friday, September 29th. Loop Capital started coverage on shares of Hexcel in a report on Thursday, September 28th. They set a “hold” rating and a $61.00 price target on the stock. KeyCorp restated a “buy” rating and set a $60.00 price target on shares of Hexcel in a report on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $50.00 price target on shares of Hexcel in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.00.

Shares of Hexcel Co. (NYSE:HXL) opened at 59.39 on Tuesday. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 21.75 and a beta of 1.04. Hexcel Co. has a 12-month low of $41.91 and a 12-month high of $60.41. The company’s 50-day moving average is $56.34 and its 200-day moving average is $53.29.

Hexcel (NYSE:HXL) last released its quarterly earnings results 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). The company had revenue of $491.30 million during the quarter, compared to the consensus estimate of $518.29 million. Hexcel had a net margin of 12.38% and a return on equity of 19.06%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. Equities research analysts predict 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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