Russell Investments Group Ltd. trimmed its stake in Hexcel Co. (NYSE:HXL) by 26.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,213 shares of the aerospace company’s stock after selling 8,004 shares during the period. Russell Investments Group Ltd.’s holdings in Hexcel were worth $1,474,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in HXL. Amalgamated Bank grew its holdings in shares of Hexcel by 4.3% in the first quarter. Amalgamated Bank now owns 18,396 shares of the aerospace company’s stock valued at $1,188,000 after purchasing an additional 752 shares in the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of Hexcel by 35.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,926 shares of the aerospace company’s stock valued at $189,000 after purchasing an additional 770 shares in the last quarter. ELCO Management Co. LLC grew its holdings in shares of Hexcel by 1.1% in the second quarter. ELCO Management Co. LLC now owns 100,541 shares of the aerospace company’s stock valued at $6,674,000 after purchasing an additional 1,080 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Hexcel by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 267,193 shares of the aerospace company’s stock valued at $17,736,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Baldwin Brothers Inc. MA grew its holdings in shares of Hexcel by 2.2% in the second quarter. Baldwin Brothers Inc. MA now owns 61,121 shares of the aerospace company’s stock valued at $4,057,000 after purchasing an additional 1,296 shares in the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.

NYSE HXL opened at $66.91 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.41 and a debt-to-equity ratio of 0.66. 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 $5.91 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.64 and a beta of 1.17.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, July 23rd. The aerospace company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Hexcel had a net margin of 13.78% and a return on equity of 17.56%. The company had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $541.92 million. During the same quarter in the previous year, the business posted $0.67 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. research analysts expect that Hexcel Co. will post 3.03 EPS for the current fiscal year.

In other news, Director Jeffrey A. Graves purchased 1,550 shares of the stock in a transaction on Friday, July 27th. The stock was bought at an average price of $69.00 per share, for a total transaction of $106,950.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $207,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

HXL has been the subject of a number of research reports. ValuEngine cut shares of Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, September 1st. Stephens set a $80.00 price objective on shares of Hexcel and gave the company a “buy” rating in a report on Wednesday, July 25th. Cowen restated a “buy” rating and issued a $75.00 price objective on shares of Hexcel in a report on Tuesday, June 12th. Canaccord Genuity restated a “buy” rating and issued a $80.00 price objective on shares of Hexcel in a report on Monday, July 23rd. Finally, UBS Group initiated coverage on shares of Hexcel in a report on Wednesday, August 15th. They issued a “sell” rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $73.17.

Hexcel Profile

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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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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