Legal & General Group Plc Has $2.78 Million Position in Hexcel Corporation (HXL)
Legal & General Group Plc lifted its holdings in Hexcel Corporation (NYSE:HXL) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,691 shares of the aerospace company’s stock after purchasing an additional 2,156 shares during the period. Legal & General Group Plc owned 0.06% of Hexcel Corporation worth $2,781,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in shares of Hexcel Corporation by 50.7% in the 1st quarter. Toronto Dominion Bank now owns 2,305 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 775 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Hexcel Corporation in the 1st quarter valued at $219,000. World Asset Management Inc acquired a new stake in shares of Hexcel Corporation in the 1st quarter valued at $224,000. Tudor Investment Corp ET AL acquired a new stake in shares of Hexcel Corporation in the 1st quarter valued at $246,000. Finally, Capstone Asset Management Co. lifted its stake in shares of Hexcel Corporation by 10.2% in the 1st quarter. Capstone Asset Management Co. now owns 4,641 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 430 shares during the last quarter. 96.78% of the stock is owned by institutional investors and hedge funds.
Hexcel Corporation (HXL) opened at 56.78 on Wednesday. Hexcel Corporation has a 52-week low of $41.03 and a 52-week high of $56.87. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 20.80 and a beta of 1.04. The firm’s 50-day moving average is $53.30 and its 200-day moving average is $52.67.
Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The firm had revenue of $491.30 million during the quarter, compared to the consensus estimate of $518.29 million. During the same period last year, the business earned $0.70 EPS. The business’s revenue was down 6.0% on a year-over-year basis. Analysts forecast that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
Several equities research analysts recently issued reports on HXL shares. Cowen and Company reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Hexcel Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Hexcel Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, June 26th. Aegis reaffirmed a “buy” rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Hexcel Corporation in a research note on Friday, September 1st. Finally, Vertical Research lowered shares of Hexcel Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $58.00 to $54.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price 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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