Keybank National Association OH lowered its holdings in Hexcel Corporation (NYSE:HXL) by 13.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,091 shares of the aerospace company’s stock after selling 2,603 shares during the quarter. Keybank National Association OH’s holdings in Hexcel Corporation were worth $849,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in Hexcel Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock valued at $471,000 after buying an additional 23 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Hexcel Corporation by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock worth $387,000 after purchasing an additional 97 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Hexcel Corporation by 0.6% during the 1st quarter. Blair William & Co. IL now owns 16,359 shares of the aerospace company’s stock worth $896,000 after purchasing an additional 105 shares in the last quarter. Comerica Bank grew its holdings in shares of Hexcel Corporation by 1.4% during the 2nd quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after purchasing an additional 128 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Hexcel Corporation by 2.3% during the 1st quarter. Private Advisor Group LLC now owns 5,990 shares of the aerospace company’s stock worth $322,000 after purchasing an additional 135 shares in the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
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Hexcel Corporation (HXL) opened at 57.92 on Friday. The firm has a 50-day moving average price of $53.30 and a 200 day moving average price of $52.67. The company has a market cap of $5.20 billion, a P/E ratio of 21.22 and a beta of 1.04. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $58.24.
Hexcel Corporation (NYSE:HXL) last issued its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $491.30 million for the quarter, compared to the consensus estimate of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. On average, equities analysts expect that Hexcel Corporation will post $2.68 earnings per share for the current year.
HXL has been the topic of several recent research reports. Aegis reissued a “buy” rating on shares of Hexcel Corporation in a report on Wednesday, May 31st. Zacks Investment Research raised Hexcel Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Monday, June 26th. BidaskClub raised Hexcel Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and set a $52.00 target price on shares of Hexcel Corporation in a research report on Friday, July 7th. Finally, Cowen and Company restated a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Hexcel Corporation presently has an average rating of “Hold” and a consensus price target of $57.20.
About Hexcel Corporation
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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