Hexcel Corporation (HXL) Position Held by Dean Investment Associates LLC
Dean Investment Associates LLC continued to hold its stake in Hexcel Corporation (NYSE:HXL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,936 shares of the aerospace company’s stock at the close of the second quarter. Dean Investment Associates LLC’s holdings in Hexcel Corporation were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in HXL. Toronto Dominion Bank raised its holdings in Hexcel Corporation by 50.7% in the first quarter. Toronto Dominion Bank now owns 2,305 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 775 shares in the last quarter. Pacad Investment Ltd. bought a new position in Hexcel Corporation in the second quarter worth about $206,000. HighTower Advisors LLC bought a new position in Hexcel Corporation in the first quarter worth about $219,000. World Asset Management Inc bought a new position in Hexcel Corporation in the first quarter worth about $224,000. Finally, Tudor Investment Corp ET AL bought a new position in Hexcel Corporation in the first quarter worth about $246,000. Institutional investors and hedge funds own 96.90% of the company’s stock.
Shares of Hexcel Corporation (NYSE HXL) opened at 54.92 on Friday. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 20.12 and a beta of 1.04. The company has a 50-day moving average price of $53.02 and a 200-day moving average price of $52.69. 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 quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. On average, analysts expect that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
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A number of brokerages have commented on HXL. Cowen and Company reiterated a “buy” rating and issued a $57.00 target price on shares of Hexcel Corporation in a report on Wednesday, August 9th. BidaskClub lowered Hexcel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $52.00 price target on shares of Hexcel Corporation in a research note on Friday, July 7th. Canaccord Genuity restated a “hold” rating and set a $54.00 price target on shares of Hexcel Corporation in a research note on Monday, July 24th. Finally, Vertical Research lowered Hexcel Corporation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $58.00 to $54.00 in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Hexcel Corporation currently has an average rating of “Hold” and an average price target of $57.20.
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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