Hexcel Co. (HXL) Position Increased by Raymond James & Associates
Raymond James & Associates raised its position in Hexcel Co. (NYSE:HXL) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,925 shares of the aerospace company’s stock after purchasing an additional 14,208 shares during the quarter. Raymond James & Associates’ holdings in Hexcel were worth $8,425,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Private Capital Group LLC increased its position in shares of Hexcel by 1,522.4% during the first quarter. Private Capital Group LLC now owns 2,028 shares of the aerospace company’s stock worth $131,000 after acquiring an additional 1,903 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Hexcel during the second quarter worth approximately $148,000. BNP Paribas Arbitrage SA increased its position in shares of Hexcel by 441.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,237 shares of the aerospace company’s stock worth $148,000 after acquiring an additional 1,824 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of Hexcel by 35.7% during the first quarter. Glen Harbor Capital Management LLC now owns 2,926 shares of the aerospace company’s stock worth $189,000 after acquiring an additional 770 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Hexcel during the first quarter worth approximately $209,000. 97.94% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. UBS Group assumed coverage on shares of Hexcel in a research report on Wednesday, August 15th. They set a “sell” rating and a $65.00 target price on the stock. Canaccord Genuity raised shares of Hexcel from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, July 5th. Cowen reaffirmed a “buy” rating and set a $75.00 target price on shares of Hexcel in a research report on Tuesday, June 12th. Finally, Stephens set a $80.00 target price on shares of Hexcel and gave the stock a “buy” rating in a research report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $73.17.
NYSE HXL opened at $68.26 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 2.41. Hexcel Co. has a 52-week low of $57.06 and a 52-week high of $73.42. The company has a market cap of $5.97 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.66 and a beta of 1.17.
Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, July 23rd. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.75. Hexcel had a net margin of 13.78% and a return on equity of 17.56%. The firm had revenue of $547.50 million for the quarter, compared to the consensus estimate of $541.92 million. During the same period last year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. equities analysts predict that Hexcel Co. will post 3.03 earnings per share for the current year.
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company 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, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
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