Legal & General Group Plc grew its position in Hexcel Co. (NYSE:HXL) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,393 shares of the aerospace company’s stock after acquiring an additional 5,702 shares during the period. Legal & General Group Plc owned 0.07% of Hexcel worth $3,353,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in Hexcel by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock worth $471,000 after purchasing an additional 23 shares during the last quarter. Advisor Group Inc. raised its position in Hexcel by 0.5% in the 2nd quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 24 shares during the last quarter. Albion Financial Group UT raised its position in Hexcel by 1.2% in the 2nd quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after purchasing an additional 100 shares during the last quarter. Comerica Bank raised its position in Hexcel by 1.4% in the 2nd quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after purchasing an additional 128 shares during the last quarter. Finally, Monroe Bank & Trust MI raised its position in Hexcel by 0.7% in the 2nd quarter. Monroe Bank & Trust MI now owns 25,720 shares of the aerospace company’s stock worth $1,358,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.

In other news, Director Lynn Brubaker sold 6,948 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $61.67, for a total value of $428,483.16. Following the completion of the transaction, the director now owns 7,107 shares of the company’s stock, valued at approximately $438,288.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kimberly A. Hendricks sold 2,608 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total transaction of $165,216.80. Following the completion of the transaction, the senior vice president now directly owns 22,221 shares of the company’s stock, valued at approximately $1,407,700.35. The disclosure for this sale can be found here. Insiders sold a total of 51,797 shares of company stock valued at $3,186,333 in the last three months. 2.10% of the stock is owned by company insiders.

HXL has been the subject of several recent research reports. Bank of America upped their target price on shares of Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 20th. KeyCorp reiterated a “buy” rating and set a $65.00 target price on shares of Hexcel in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 target price on shares of Hexcel in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group reiterated a “hold” rating and set a $50.00 target price on shares of Hexcel in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $63.00.

Shares of Hexcel Co. (HXL) opened at $62.46 on Friday. The company has a market cap of $5,598.82, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.10. Hexcel Co. has a 1 year low of $49.20 and a 1 year high of $63.93. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The company had revenue of $491.50 million during the quarter, compared to analyst estimates of $507.77 million. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. equities research analysts forecast that Hexcel Co. will post 2.68 earnings per share for the current fiscal year.

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About Hexcel

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 (NYSE:HXL)

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