Timucuan Asset Management Inc. FL Raises Holdings in Hexcel Corporation (HXL)

Timucuan Asset Management Inc. FL boosted its holdings in shares of Hexcel Corporation (NYSE:HXL) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,155,076 shares of the aerospace company’s stock after acquiring an additional 20,777 shares during the period. Hexcel Corporation comprises about 10.7% of Timucuan Asset Management Inc. FL’s portfolio, making the stock its 4th largest position. Timucuan Asset Management Inc. FL owned approximately 2.40% of Hexcel Corporation worth $113,766,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HXL. UBS Asset Management Americas Inc. grew its holdings in Hexcel Corporation by 7.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 61,837 shares of the aerospace company’s stock worth $3,373,000 after acquiring an additional 4,334 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Hexcel Corporation by 137.5% during the 1st quarter. Ameriprise Financial Inc. now owns 84,919 shares of the aerospace company’s stock worth $4,632,000 after acquiring an additional 49,164 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Hexcel Corporation by 17.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 140,251 shares of the aerospace company’s stock worth $7,651,000 after acquiring an additional 20,522 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Hexcel Corporation by 3.5% during the 1st quarter. JPMorgan Chase & Co. now owns 391,003 shares of the aerospace company’s stock worth $21,329,000 after acquiring an additional 13,134 shares in the last quarter. Finally, KBC Group NV grew its holdings in Hexcel Corporation by 280.3% during the 1st quarter. KBC Group NV now owns 6,328 shares of the aerospace company’s stock worth $345,000 after acquiring an additional 4,664 shares in the last quarter. Institutional investors own 96.78% of the company’s stock.

Hexcel Corporation (NYSE:HXL) traded down 0.08% during mid-day trading on Tuesday, hitting $59.42. 187,396 shares of the stock were exchanged. The firm has a market cap of $5.33 billion, a P/E ratio of 21.77 and a beta of 1.04. Hexcel Corporation has a 12-month low of $41.03 and a 12-month high of $59.84. The company has a 50 day moving average of $55.44 and a 200 day moving average of $53.11.

Hexcel Corporation (NYSE:HXL) last released its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.02). Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Hexcel Corporation will post $2.68 earnings per share for the current fiscal year.

HXL has been the topic of several recent research reports. Cowen and Company reiterated a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a report on Wednesday, August 9th. KeyCorp reiterated a “buy” rating and set a $60.00 target price on shares of Hexcel Corporation in a report on Friday, September 1st. Canaccord Genuity reiterated a “hold” rating and set a $54.00 target price on shares of Hexcel Corporation in a report on Monday, July 24th. BidaskClub upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $52.00 target price on shares of Hexcel Corporation in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $57.50.

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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.

Institutional Ownership by Quarter for Hexcel Corporation (NYSE:HXL)

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