Baker Ellis Asset Management LLC bought a new stake in shares of Hexcel Corporation (NYSE:HXL) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 82,830 shares of the aerospace company’s stock, valued at approximately $4,373,000. Hexcel Corporation comprises approximately 1.2% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 19th largest position. Baker Ellis Asset Management LLC owned about 0.09% of Hexcel Corporation at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HXL. Trillium Asset Management LLC increased its stake in shares of Hexcel Corporation by 0.4% in the first quarter. Trillium Asset Management LLC now owns 332,439 shares of the aerospace company’s stock valued at $18,135,000 after buying an additional 1,296 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Hexcel Corporation by 22.2% in the first quarter. Tocqueville Asset Management L.P. now owns 5,500 shares of the aerospace company’s stock valued at $300,000 after buying an additional 1,000 shares during the last quarter. Markel Corp increased its stake in shares of Hexcel Corporation by 175.0% in the first quarter. Markel Corp now owns 33,000 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 21,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Hexcel Corporation by 1.0% in the first quarter. Wells Fargo & Company MN now owns 418,072 shares of the aerospace company’s stock valued at $22,806,000 after buying an additional 3,979 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Hexcel Corporation by 61.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,683 shares of the aerospace company’s stock valued at $528,000 after buying an additional 3,698 shares during the last quarter.

Shares of Hexcel Corporation (NYSE:HXL) opened at 52.75 on Monday. The stock’s 50 day moving average is $52.79 and its 200 day moving average is $52.41. The company has a market cap of $4.74 billion, a P/E ratio of 19.32 and a beta of 1.04. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $55.91.

Hexcel Corporation (NYSE:HXL) last released its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The company had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. During the same quarter in the previous year, the firm earned $0.70 EPS. The firm’s revenue was down 6.0% on a year-over-year basis. On average, analysts anticipate that Hexcel Corporation will post $2.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, August 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, August 1st. This is an increase from Hexcel Corporation’s previous quarterly dividend of $0.11. Hexcel Corporation’s payout ratio is presently 18.32%.

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Several equities research analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 target price (down previously from $52.00) on shares of Hexcel Corporation in a research note on Tuesday, July 25th. Cowen and Company reaffirmed a “buy” rating and issued a $57.00 target price on shares of Hexcel Corporation in a research note on Monday, July 24th. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 target price on shares of Hexcel Corporation in a research note on Monday, July 24th. BidaskClub raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, Vertical Research downgraded shares of Hexcel Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $58.00 to $54.00 in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Hexcel Corporation has a consensus rating of “Hold” and a consensus target price of $56.89.

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.

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Institutional Ownership by Quarter for Hexcel Corporation (NYSE:HXL)

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