Hexcel Co. (HXL) Holdings Raised by Cambridge Trust Co.
Cambridge Trust Co. grew its holdings in Hexcel Co. (NYSE:HXL) by 0.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,256 shares of the aerospace company’s stock after acquiring an additional 263 shares during the quarter. Cambridge Trust Co. owned 0.21% of Hexcel worth $12,190,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Cascade Investment Advisors Inc. bought a new stake in shares of Hexcel in the fourth quarter worth about $29,000. CWM LLC increased its holdings in shares of Hexcel by 139.6% in the fourth quarter. CWM LLC now owns 520 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 303 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Hexcel by 51.7% in the fourth quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 181 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Hexcel by 51.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 360 shares in the last quarter. Finally, SevenBridge Financial Group LLC bought a new stake in shares of Hexcel in the fourth quarter worth about $68,000. Institutional investors own 95.74% of the company’s stock.
HXL has been the subject of a number of research reports. ValuEngine downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. BMO Capital Markets set a $80.00 price objective on Hexcel and gave the stock a “buy” rating in a report on Friday, March 8th. Zacks Investment Research downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Cowen reiterated a “buy” rating and set a $66.00 price objective on shares of Hexcel in a report on Wednesday, January 23rd. Finally, Loop Capital downgraded Hexcel from a “buy” rating to a “hold” rating and set a $71.57 price objective for the company. in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $72.69.
Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 23rd. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Hexcel had a return on equity of 19.19% and a net margin of 12.64%. The company had revenue of $561.00 million during the quarter, compared to analysts’ expectations of $558.55 million. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Hexcel Co. will post 3.45 earnings per share for the current fiscal year.
In related news, insider Thierry Merlot sold 5,336 shares of Hexcel stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $71.87, for a total transaction of $383,498.32. Following the completion of the sale, the insider now directly owns 48,532 shares of the company’s stock, valued at approximately $3,487,994.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.
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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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