Hexcel Corporation $HXL Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in shares of Hexcel Corporation (NYSE:HXL) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,964 shares of the aerospace company’s stock after selling 9,828 shares during the period. Gamco Investors INC. ET AL’s holdings in Hexcel were worth $20,553,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HXL. Walleye Capital LLC acquired a new position in shares of Hexcel in the first quarter worth $272,000. Cetera Investment Advisers raised its stake in shares of Hexcel by 8.4% in the first quarter. Cetera Investment Advisers now owns 52,800 shares of the aerospace company’s stock valued at $4,273,000 after acquiring an additional 4,076 shares in the last quarter. First Trust Advisors LP boosted its holdings in Hexcel by 28.7% in the first quarter. First Trust Advisors LP now owns 235,425 shares of the aerospace company’s stock valued at $19,053,000 after purchasing an additional 52,506 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Hexcel by 13.5% in the first quarter. PNC Financial Services Group Inc. now owns 12,366 shares of the aerospace company’s stock valued at $1,001,000 after purchasing an additional 1,474 shares during the period. Finally, Parallel Advisors LLC grew its stake in Hexcel by 21.4% during the 1st quarter. Parallel Advisors LLC now owns 1,523 shares of the aerospace company’s stock worth $123,000 after purchasing an additional 268 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HXL shares. Jefferies Financial Group upped their price target on Hexcel from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 price objective on shares of Hexcel in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 target price on shares of Hexcel in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a report on Friday, July 17th. Finally, Wells Fargo & Company started coverage on shares of Hexcel in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $95.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.00.

Hexcel Stock Up 0.2%

Hexcel stock opened at $110.15 on Friday. Hexcel Corporation has a 1-year low of $58.20 and a 1-year high of $111.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 1.37. The stock has a market cap of $8.31 billion, a PE ratio of 72.47, a P/E/G ratio of 1.69 and a beta of 1.05. The stock’s fifty day moving average is $96.20 and its two-hundred day moving average is $89.33.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.17. The company had revenue of $501.50 million during the quarter, compared to the consensus estimate of $488.11 million. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.Hexcel’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. On average, sell-side analysts expect that Hexcel Corporation will post 2.26 EPS for the current fiscal year.

About Hexcel

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.