Mckinley Capital Management LLC Delaware Maintains Stake in Hexcel Corporation (HXL)
Mckinley Capital Management LLC Delaware held its position in Hexcel Corporation (NYSE:HXL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,051 shares of the aerospace company’s stock at the end of the second quarter. Mckinley Capital Management LLC Delaware’s holdings in Hexcel Corporation were worth $108,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pacad Investment Ltd. bought a new position in Hexcel Corporation in the 2nd quarter valued at $206,000. HighTower Advisors LLC purchased a new stake in Hexcel Corporation in the first quarter worth $219,000. World Asset Management Inc purchased a new stake in Hexcel Corporation in the first quarter worth $224,000. Tudor Investment Corp ET AL purchased a new stake in Hexcel Corporation in the first quarter worth $246,000. Finally, Capital Fund Management S.A. purchased a new stake in Hexcel Corporation in the second quarter worth $266,000. Institutional investors own 96.78% of the company’s stock.
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A number of brokerages have recently issued reports on HXL. Jefferies Group LLC reissued a “hold” rating and set a $50.00 target price (down from $52.00) on shares of Hexcel Corporation in a research note on Tuesday, July 25th. Loop Capital initiated coverage on shares of Hexcel Corporation in a report on Thursday, September 28th. They issued a “hold” rating and a $61.00 price target on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $57.00 price target on shares of Hexcel Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, BidaskClub upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.55.
Hexcel Corporation (HXL) opened at 58.49 on Tuesday. The firm’s 50-day moving average is $54.57 and its 200 day moving average is $52.90. The company has a market capitalization of $5.25 billion, a PE ratio of 21.42 and a beta of 1.04. Hexcel Corporation has a one year low of $41.03 and a one year high of $58.55.
Hexcel Corporation (NYSE:HXL) last announced its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The firm had revenue of $491.30 million during the quarter, compared to analysts’ expectations of $518.29 million. During the same period in the previous year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts expect that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
About Hexcel Corporation
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.
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