Broad Run Investment Management LLC lifted its holdings in shares of Hexcel Corporation (NYSE:HXL) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,980,460 shares of the aerospace company’s stock after acquiring an additional 28,991 shares during the period. Hexcel Corporation makes up approximately 5.5% of Broad Run Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Broad Run Investment Management LLC owned 3.32% of Hexcel Corporation worth $157,338,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HXL. BlackRock Inc. grew its stake in shares of Hexcel Corporation by 12,782.1% during the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock worth $255,874,000 after acquiring an additional 4,654,206 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Hexcel Corporation during the first quarter worth about $41,982,000. Morgan Stanley grew its stake in shares of Hexcel Corporation by 236.2% during the first quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock worth $23,219,000 after acquiring an additional 299,028 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hexcel Corporation by 3.8% during the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock worth $382,143,000 after acquiring an additional 257,243 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Hexcel Corporation by 11.6% during the second quarter. Schroder Investment Management Group now owns 2,000,232 shares of the aerospace company’s stock worth $104,652,000 after acquiring an additional 208,439 shares during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

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A number of equities research analysts have recently weighed in on HXL shares. Zacks Investment Research lowered Hexcel Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Canaccord Genuity restated a “hold” rating and set a $54.00 price target on shares of Hexcel Corporation in a research note on Friday, September 29th. Loop Capital started coverage on Hexcel Corporation in a research note on Thursday, September 28th. They set a “hold” rating and a $61.00 price target on the stock. KeyCorp restated a “buy” rating and set a $60.00 price target on shares of Hexcel Corporation in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $50.00 price target on shares of Hexcel Corporation in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.50.

Shares of Hexcel Corporation (NYSE:HXL) traded up 0.71% during midday trading on Friday, reaching $59.28. The company had a trading volume of 361,143 shares. The stock has a market capitalization of $5.32 billion, a PE ratio of 21.71 and a beta of 1.04. The company’s 50 day moving average price is $55.24 and its 200 day moving average price is $53.06. Hexcel Corporation has a 52-week low of $41.03 and a 52-week high of $59.32.

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

Hexcel Corporation 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 Corporation (NYSE:HXL)

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