Hexcel Co. (HXL) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of Hexcel Co. (NYSE:HXL) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,457 shares of the aerospace company’s stock after selling 1,743 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hexcel were worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Advisor Group Inc. boosted its stake in Hexcel by 0.5% during the second quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after buying an additional 24 shares during the period. Albion Financial Group UT boosted its stake in Hexcel by 1.2% during the second quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after buying an additional 100 shares during the period. Comerica Bank boosted its stake in Hexcel by 1.4% during the second quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after buying an additional 128 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Hexcel by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 200 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Hexcel by 5.1% during the second quarter. Prudential Financial Inc. now owns 6,136 shares of the aerospace company’s stock worth $324,000 after purchasing an additional 300 shares in the last quarter. 96.49% of the stock is owned by institutional investors.

Several analysts have recently issued reports on HXL shares. Stephens started coverage on shares of Hexcel in a research report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $60.00 price target on shares of Hexcel in a research report on Friday, September 1st. Jefferies Group reissued a “hold” rating and set a $50.00 price target on shares of Hexcel in a research report on Friday, September 29th. Canaccord Genuity reissued a “hold” rating and set a $54.00 price target on shares of Hexcel in a research report on Friday, September 29th. Finally, Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.00.

In related news, SVP Kimberly A. Hendricks sold 2,608 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the sale, the senior vice president now owns 22,221 shares of the company’s stock, valued at $1,407,700.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nick L. Stanage sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $62.01, for a total transaction of $434,070.00. Following the completion of the sale, the chief executive officer now directly owns 161,463 shares in the company, valued at approximately $10,012,320.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,797 shares of company stock worth $3,186,333. 2.10% of the stock is owned by corporate insiders.

Shares of Hexcel Co. (NYSE HXL) opened at $62.46 on Tuesday. The stock has a market cap of $5,610.50, a PE ratio of 22.55, a PEG ratio of 3.11 and a beta of 1.10. Hexcel Co. has a 1 year low of $49.20 and a 1 year high of $63.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 2.74.

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

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Hexcel Company 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.

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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