BlackRock Group LTD boosted its stake in Hexcel Corporation (NYSE:HXL) by 17.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 238,304 shares of the company’s stock after buying an additional 34,749 shares during the period. BlackRock Group LTD owned approximately 0.26% of Hexcel Corporation worth $10,556,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Hexcel Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 6,505,911 shares of the company’s stock valued at $270,906,000 after buying an additional 114,498 shares during the last quarter. Alliancebernstein L.P. boosted its position in Hexcel Corporation by 0.8% in the second quarter. Alliancebernstein L.P. now owns 4,063,167 shares of the company’s stock valued at $169,190,000 after buying an additional 30,510 shares during the last quarter. General Electric Co. boosted its position in Hexcel Corporation by 2.0% in the second quarter. General Electric Co. now owns 3,484,407 shares of the company’s stock valued at $145,091,000 after buying an additional 66,992 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Hexcel Corporation during the third quarter valued at $95,470,000. Finally, Royal Bank of Canada boosted its position in Hexcel Corporation by 6.8% in the second quarter. Royal Bank of Canada now owns 1,980,977 shares of the company’s stock valued at $82,488,000 after buying an additional 126,204 shares during the last quarter. 98.19% of the stock is currently owned by hedge funds and other institutional investors.
Hexcel Corporation (NYSE:HXL) traded down 0.45% during mid-day trading on Wednesday, hitting $50.63. 93,579 shares of the stock were exchanged. Hexcel Corporation has a 52 week low of $37.54 and a 52 week high of $55.11. The company’s 50-day moving average price is $51.88 and its 200 day moving average price is $45.99. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 19.72 and a beta of 0.99.
Hexcel Corporation (NYSE:HXL) last released its earnings results on Wednesday, October 19th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Hexcel Corporation had a net margin of 12.30% and a return on equity of 19.47%. The company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $494.26 million. During the same quarter in the previous year, the company earned $0.55 EPS. Hexcel Corporation’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts expect that Hexcel Corporation will post $2.57 EPS for the current year.
A number of research analysts recently commented on HXL shares. Zacks Investment Research raised Hexcel Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Monday, October 24th. Wolfe Research started coverage on Hexcel Corporation in a research note on Wednesday, November 23rd. They issued a “market perform” rating on the stock. Vertical Group reissued a “buy” rating and issued a $55.00 target price (up previously from $52.00) on shares of Hexcel Corporation in a research note on Friday, December 16th. Deutsche Bank AG increased their target price on Hexcel Corporation from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 5th. Finally, Aegis started coverage on Hexcel Corporation in a research note on Monday, November 21st. They issued a “buy” rating and a $59.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.73.
In other Hexcel Corporation news, EVP Robert George Hennemuth sold 8,000 shares of Hexcel Corporation stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $50.00, for a total value of $400,000.00. Following the sale, the executive vice president now directly owns 64,427 shares in the company, valued at approximately $3,221,350. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Canario sold 2,000 shares of Hexcel Corporation stock in a transaction on Monday, December 5th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
What are top analysts saying about Hexcel Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hexcel Corporation and related companies.