Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Hexcel Co. (NYSE:HXL) by 141.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,365 shares of the aerospace company’s stock after buying an additional 47,140 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.09% of Hexcel worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Hexcel by 5.0% during the second quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock valued at $259,946,000 after buying an additional 233,521 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in Hexcel by 6.6% in the second quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock valued at $171,365,000 after purchasing an additional 199,893 shares in the last quarter. Broad Run Investment Management LLC grew its stake in Hexcel by 1.0% in the second quarter. Broad Run Investment Management LLC now owns 2,980,460 shares of the aerospace company’s stock valued at $157,338,000 after purchasing an additional 28,991 shares in the last quarter. Earnest Partners LLC grew its stake in Hexcel by 1.0% in the second quarter. Earnest Partners LLC now owns 2,787,790 shares of the aerospace company’s stock valued at $147,167,000 after purchasing an additional 26,303 shares in the last quarter. Finally, State Street Corp grew its stake in Hexcel by 7.8% in the second quarter. State Street Corp now owns 2,325,125 shares of the aerospace company’s stock valued at $122,742,000 after purchasing an additional 169,088 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

In other Hexcel news, insider Timothy Swords sold 13,493 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total value of $813,223.11. Following the completion of the sale, the insider now owns 20,202 shares of the company’s stock, valued at $1,217,574.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kimberly A. Hendricks sold 2,608 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $63.35, for a total value of $165,216.80. Following the completion of the sale, the senior vice president now directly owns 22,221 shares of the company’s stock, valued at approximately $1,407,700.35. The disclosure for this sale can be found here. Insiders sold 33,797 shares of company stock valued at $2,070,333 in the last ninety days. Insiders own 2.10% of the company’s stock.

HXL has been the topic of a number of recent research reports. Zacks Investment Research downgraded Hexcel from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. KeyCorp restated a “buy” rating and issued a $60.00 target price on shares of Hexcel in a research note on Friday, September 1st. Loop Capital initiated coverage on Hexcel in a research note on Thursday, September 28th. They issued a “hold” rating and a $61.00 target price on the stock. Canaccord Genuity restated a “hold” rating and issued a $54.00 target price on shares of Hexcel in a research note on Friday, September 29th. Finally, Jefferies Group restated a “hold” rating and issued a $50.00 target price on shares of Hexcel in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Hexcel has a consensus rating of “Hold” and an average price target of $62.20.

Shares of Hexcel Co. (HXL) opened at $61.92 on Friday. Hexcel Co. has a 12-month low of $49.20 and a 12-month high of $63.93. The firm has a market capitalization of $5,482.95, a PE ratio of 23.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Hexcel had a return on equity of 18.40% and a net margin of 13.13%. The company had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $507.77 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. sell-side analysts expect that Hexcel Co. will post 2.68 EPS for the current fiscal year.

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Hexcel 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 (NYSE:HXL)

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