Hexcel Corp. (HXL) Position Boosted by Vanguard Group Inc.
Vanguard Group Inc. boosted its position in shares of Hexcel Corp. (NYSE:HXL) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,505,911 shares of the company’s stock after buying an additional 114,498 shares during the period. Vanguard Group Inc. owned 7.03% of Hexcel Corp. worth $270,906,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in HXL. Fuller & Thaler Asset Management Inc. purchased a new position in Hexcel Corp. during the second quarter worth approximately $108,000. Capital Fund Management S.A. purchased a new position in Hexcel Corp. during the second quarter worth approximately $212,000. Neuberger Berman Group LLC purchased a new position in Hexcel Corp. during the second quarter worth approximately $243,000. First Manhattan Co. raised its position in Hexcel Corp. by 137.0% in the second quarter. First Manhattan Co. now owns 5,925 shares of the company’s stock worth $246,000 after buying an additional 3,425 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Hexcel Corp. by 4.6% in the second quarter. Prudential Financial Inc. now owns 6,836 shares of the company’s stock worth $285,000 after buying an additional 300 shares in the last quarter. 98.27% of the stock is currently owned by institutional investors.
Shares of Hexcel Corp. (NYSE:HXL) opened at 42.46 on Wednesday. Hexcel Corp. has a 1-year low of $37.54 and a 1-year high of $48.33. The firm’s 50-day moving average is $44.23 and its 200-day moving average is $43.76. The firm has a market cap of $3.93 billion, a P/E ratio of 17.64 and a beta of 0.98.
Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. The business had revenue of $522.60 million for the quarter, compared to analysts’ expectations of $504.31 million. During the same quarter in the prior year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts anticipate that Hexcel Corp. will post $2.54 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. Canaccord Genuity set a $48.00 price target on shares of Hexcel Corp. and gave the company a “hold” rating in a research report on Wednesday, July 20th. Bank of America Corp. lowered shares of Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of Hexcel Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, June 28th. Finally, Jefferies Group restated a “hold” rating and issued a $44.00 price objective on shares of Hexcel Corp. in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.70.
In other Hexcel Corp. news, SVP Robert George Hennemuth sold 2,495 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $112,275.00. Following the transaction, the senior vice president now owns 58,922 shares in the company, valued at approximately $2,651,490. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thierry Merlot sold 8,600 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $45.01, for a total value of $387,086.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $1,188,849.13. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
Hexcel Corp. Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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