UBS Oconnor LLC purchased a new stake in Hexcel Corporation (NYSE:HXL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 135,000 shares of the aerospace company’s stock, valued at approximately $7,127,000. UBS Oconnor LLC owned approximately 0.15% of Hexcel Corporation as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Pacad Investment Ltd. acquired a new position in shares of Hexcel Corporation during the second quarter worth approximately $206,000. HighTower Advisors LLC acquired a new position in shares of Hexcel Corporation during the first quarter worth approximately $219,000. World Asset Management Inc acquired a new position in shares of Hexcel Corporation during the first quarter worth approximately $224,000. Tudor Investment Corp ET AL acquired a new position in shares of Hexcel Corporation during the first quarter worth approximately $246,000. Finally, Capital Fund Management S.A. acquired a new position in shares of Hexcel Corporation during the second quarter worth approximately $266,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Hexcel Corporation (NYSE:HXL) traded up 0.42% during midday trading on Friday, hitting $57.42. 441,399 shares of the company were exchanged. The firm’s 50-day moving average price is $53.30 and its 200-day moving average price is $52.67. Hexcel Corporation has a one year low of $41.03 and a one year high of $58.24. The stock has a market capitalization of $5.16 billion, a PE ratio of 21.03 and a beta of 1.04.

Hexcel Corporation (NYSE:HXL) last posted its earnings results on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The business had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts anticipate that Hexcel Corporation will post $2.68 earnings per share for the current year.

HXL has been the topic of a number of research reports. Zacks Investment Research lowered shares of Hexcel Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 target price on shares of Hexcel Corporation in a research report on Friday. Loop Capital initiated coverage on shares of Hexcel Corporation in a research report on Thursday. They set a “hold” rating and a $61.00 target price on the stock. KeyCorp reiterated a “buy” rating and set a $60.00 target price on shares of Hexcel Corporation in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $50.00 target price on shares of Hexcel Corporation in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.55.

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Hexcel Corporation Company Profile

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 Corporation (NYSE:HXL)

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