Trinity Street Asset Management LLP grew its holdings in shares of Hexcel Co. (NYSE:HXL) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 486,114 shares of the aerospace company’s stock after purchasing an additional 19,808 shares during the quarter. Hexcel comprises approximately 6.7% of Trinity Street Asset Management LLP’s portfolio, making the stock its 8th biggest holding. Trinity Street Asset Management LLP’s holdings in Hexcel were worth $27,873,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. First Hawaiian Bank lifted its holdings in shares of Hexcel by 39.3% in the fourth quarter. First Hawaiian Bank now owns 16,902 shares of the aerospace company’s stock worth $969,000 after buying an additional 4,770 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Hexcel by 1.3% in the third quarter. Legal & General Group Plc now owns 57,734 shares of the aerospace company’s stock worth $3,871,000 after buying an additional 763 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Hexcel in the third quarter worth about $3,975,000. Marshall Wace LLP purchased a new stake in shares of Hexcel in the third quarter worth about $14,009,000. Finally, Carnegie Capital Asset Management LLC lifted its holdings in shares of Hexcel by 62.2% in the third quarter. Carnegie Capital Asset Management LLC now owns 19,800 shares of the aerospace company’s stock worth $1,191,000 after buying an additional 7,595 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Cowen reaffirmed a “buy” rating and issued a $75.00 target price on shares of Hexcel in a research note on Monday, October 22nd. Vertical Research raised shares of Hexcel from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, October 23rd. Finally, Credit Suisse Group lowered their target price on shares of Hexcel from $70.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.75.
Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, October 22nd. The aerospace company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $540.50 million for the quarter, compared to the consensus estimate of $545.88 million. Hexcel had a net margin of 13.95% and a return on equity of 18.08%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, equities analysts anticipate that Hexcel Co. will post 3.03 earnings per share for the current year.
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Hexcel Company 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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