Los Angeles Capital Management & Equity Research Inc. Boosts Stake in Hexcel Corporation (HXL)

Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Hexcel Corporation (NYSE:HXL) by 61.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,047 shares of the aerospace company’s stock after buying an additional 78,780 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.23% of Hexcel Corporation worth $10,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HXL. Capstone Asset Management Co. lifted its holdings in shares of Hexcel Corporation by 10.2% during the first quarter. Capstone Asset Management Co. now owns 4,641 shares of the aerospace company’s stock worth $253,000 after buying an additional 430 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Hexcel Corporation by 61.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,683 shares of the aerospace company’s stock worth $528,000 after buying an additional 3,698 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Hexcel Corporation by 1.0% during the first quarter. Wells Fargo & Company MN now owns 418,072 shares of the aerospace company’s stock worth $22,806,000 after buying an additional 3,979 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Hexcel Corporation by 22.2% during the first quarter. Tocqueville Asset Management L.P. now owns 5,500 shares of the aerospace company’s stock worth $300,000 after buying an additional 1,000 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Hexcel Corporation by 113.8% during the first quarter. First Trust Advisors LP now owns 253,123 shares of the aerospace company’s stock worth $13,808,000 after buying an additional 134,753 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Hexcel Corporation (HXL) opened at 53.32 on Friday. The company has a 50 day moving average price of $52.79 and a 200-day moving average price of $52.68. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $55.91. The company has a market cap of $4.79 billion, a PE ratio of 19.53 and a beta of 1.04.

Hexcel Corporation (NYSE:HXL) last issued its quarterly earnings data 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. The company had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. Equities analysts predict that Hexcel Corporation will post $2.68 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on HXL. Jefferies Group LLC reissued a “hold” rating and set a $50.00 target price (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a report on Wednesday, August 9th. BidaskClub downgraded Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a $54.00 target price on shares of Hexcel Corporation in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.20.

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.

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Institutional Ownership by Quarter for Hexcel Corporation (NYSE:HXL)

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