Hexcel Corporation (NYSE:HXL) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its stake in Hexcel Corporation (NYSE:HXL) by 66.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,535 shares of the aerospace company’s stock after buying an additional 20,263 shares during the period. Legal & General Group Plc owned 0.06% of Hexcel Corporation worth $2,756,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. William Blair Investment Management LLC increased its stake in shares of Hexcel Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 1,802,923 shares of the aerospace company’s stock valued at $98,349,000 after buying an additional 155,762 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock valued at $97,546,000 after buying an additional 509,076 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Hexcel Corporation by 2.8% in the first quarter. TIAA CREF Investment Management LLC now owns 746,729 shares of the aerospace company’s stock valued at $40,734,000 after buying an additional 20,121 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hexcel Corporation by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 733,523 shares of the aerospace company’s stock valued at $37,734,000 after buying an additional 63,772 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Hexcel Corporation by 1.1% in the first quarter. Teachers Advisors LLC now owns 662,248 shares of the aerospace company’s stock valued at $36,126,000 after buying an additional 7,475 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Hexcel Corporation (NYSE:HXL) traded up 0.40% during mid-day trading on Friday, reaching $54.71. 547,615 shares of the company were exchanged. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 19.82 and a beta of 1.04. The company’s 50 day moving average price is $52.63 and its 200-day moving average price is $52.34. Hexcel Corporation has a 12-month low of $41.03 and a 12-month high of $55.91.

Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Wednesday, April 19th. The aerospace company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The company had revenue of $478.80 million during the quarter, compared to the consensus estimate of $522.29 million. Hexcel Corporation had a return on equity of 19.45% and a net margin of 13.02%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. On average, equities research analysts forecast that Hexcel Corporation will post $2.69 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on HXL. Zacks Investment Research cut Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, March 29th. BidaskClub raised Hexcel Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Cowen and Company reissued a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a report on Wednesday, April 19th. Aegis reissued a “buy” rating on shares of Hexcel Corporation in a report on Wednesday, May 31st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $52.00 price target on shares of Hexcel Corporation in a research report on Friday, July 7th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $56.56.

Hexcel Corporation Company 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 Corporation (NYSE:HXL)

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