Hood River Capital Management LLC boosted its stake in shares of Hexcel Corp. (NYSE:HXL) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 173,143 shares of the company’s stock after buying an additional 4,030 shares during the period. Hood River Capital Management LLC’s holdings in Hexcel Corp. were worth $7,210,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in Hexcel Corp. during the first quarter valued at $577,000. State Street Corp raised its stake in Hexcel Corp. by 3.2% in the first quarter. State Street Corp now owns 1,369,045 shares of the company’s stock valued at $59,838,000 after buying an additional 42,200 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Hexcel Corp. by 16.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 43,000 shares of the company’s stock valued at $1,880,000 after buying an additional 6,200 shares during the period. Credit Agricole S A raised its stake in Hexcel Corp. by 561.7% in the first quarter. Credit Agricole S A now owns 302,200 shares of the company’s stock valued at $13,209,000 after buying an additional 256,527 shares during the period. Finally, Timucuan Asset Management Inc. FL raised its stake in Hexcel Corp. by 58.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 1,359,588 shares of the company’s stock valued at $59,428,000 after buying an additional 499,392 shares during the period. 98.27% of the stock is currently owned by institutional investors.
Hexcel Corp. (NYSE:HXL) traded up 0.04% during trading on Thursday, reaching $44.81. The company had a trading volume of 360,658 shares. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 18.62 and a beta of 0.98. The stock has a 50 day moving average price of $44.39 and a 200 day moving average price of $43.78. Hexcel Corp. has a 12 month low of $37.54 and a 12 month high of $48.33.
Hexcel Corp. (NYSE:HXL) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. The company had revenue of $522.60 million for the quarter, compared to analysts’ expectations of $504.31 million. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Hexcel Corp. will post $2.54 earnings per share for the current year.
Several research firms have weighed in on HXL. Canaccord Genuity set a $48.00 target price on Hexcel Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. Jefferies Group restated a “hold” rating and issued a $44.00 price objective on shares of Hexcel Corp. in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Hexcel Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Bank of America Corp. downgraded Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.70.
In other news, SVP Robert George Hennemuth sold 2,495 shares of Hexcel Corp. stock in a transaction on Friday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $112,275.00. Following the transaction, the senior vice president now directly owns 58,922 shares in the company, valued at approximately $2,651,490. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Charles Hill sold 1,188 shares of Hexcel Corp. stock in a transaction on Friday, August 5th. The shares were sold at an average price of $44.47, for a total value of $52,830.36. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Hexcel Corp. 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.
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