Ossiam bought a new position in Hexcel Co. (NYSE:HXL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,533 shares of the aerospace company’s stock, valued at approximately $771,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC grew its position in shares of Hexcel by 12.6% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,506,260 shares of the aerospace company’s stock worth $121,826,000 after buying an additional 168,360 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Hexcel by 21.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,343 shares of the aerospace company’s stock valued at $65,945,000 after acquiring an additional 144,760 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Hexcel by 186.2% in the first quarter. Commonwealth Equity Services LLC now owns 191,424 shares of the aerospace company’s stock valued at $13,238,000 after acquiring an additional 124,539 shares in the last quarter. Jennison Associates LLC boosted its holdings in Hexcel by 9.1% in the first quarter. Jennison Associates LLC now owns 1,388,147 shares of the aerospace company’s stock valued at $96,004,000 after acquiring an additional 115,448 shares in the last quarter. Finally, Scout Investments Inc. increased its position in Hexcel by 34.7% during the 2nd quarter. Scout Investments Inc. now owns 392,827 shares of the aerospace company’s stock valued at $31,772,000 after purchasing an additional 101,240 shares during the period. 95.03% of the stock is owned by institutional investors and hedge funds.

In other Hexcel news, insider Brett Raymond Schneider sold 4,417 shares of Hexcel stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $81.61, for a total transaction of $360,471.37. Following the completion of the transaction, the insider now owns 10,201 shares in the company, valued at $832,503.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert George Hennemuth sold 37,544 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $83.56, for a total value of $3,137,176.64. Following the completion of the sale, the insider now directly owns 73,046 shares in the company, valued at $6,103,723.76. The disclosure for this sale can be found here. Insiders have sold 57,623 shares of company stock worth $4,840,665 in the last three months. 1.40% of the stock is currently owned by insiders.

Several brokerages have commented on HXL. Canaccord Genuity upped their price objective on shares of Hexcel from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets lifted their target price on shares of Hexcel from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Bank of America reiterated a “buy” rating and set a $90.00 price target (down previously from $95.00) on shares of Hexcel in a research report on Wednesday, July 24th. Credit Suisse Group increased their price target on shares of Hexcel from $72.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, ValuEngine upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Saturday, August 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.05.

Hexcel stock traded down $1.10 on Wednesday, hitting $81.16. 9,394 shares of the stock traded hands, compared to its average volume of 442,936. Hexcel Co. has a 1 year low of $53.50 and a 1 year high of $87.00. The firm has a market cap of $7.06 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $81.96 and its 200 day simple moving average is $75.42.

Hexcel (NYSE:HXL) last released its earnings results on Monday, July 22nd. The aerospace company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. The firm had revenue of $609.00 million for the quarter, compared to the consensus estimate of $606.03 million. Hexcel had a net margin of 12.90% and a return on equity of 21.45%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. As a group, analysts predict that Hexcel Co. will post 3.52 earnings per share for the current year.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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