SG Americas Securities LLC Buys Shares of 1,535 Hexcel Co. (NYSE:HXL)

SG Americas Securities LLC bought a new position in Hexcel Co. (NYSE:HXL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,535 shares of the aerospace company’s stock, valued at approximately $106,000.

A number of other hedge funds have also added to or reduced their stakes in HXL. Whittier Trust Co. boosted its position in Hexcel by 51.7% during the fourth quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 181 shares in the last quarter. AdvisorNet Financial Inc boosted its position in Hexcel by 51.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 360 shares in the last quarter. SevenBridge Financial Group LLC bought a new stake in Hexcel during the fourth quarter valued at about $68,000. Cutler Group LP boosted its position in Hexcel by 1,400.0% during the fourth quarter. Cutler Group LP now owns 1,300 shares of the aerospace company’s stock valued at $74,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Hexcel by 319.0% during the first quarter. Quadrant Capital Group LLC now owns 1,454 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.

Shares of NYSE:HXL traded down $0.42 during trading on Wednesday, hitting $77.12. The stock had a trading volume of 365,193 shares, compared to its average volume of 460,680. Hexcel Co. has a 12-month low of $53.50 and a 12-month high of $78.31. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.23 and a beta of 1.07. The company has a quick ratio of 1.28, a current ratio of 2.24 and a debt-to-equity ratio of 0.85.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $590.13 million. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. Hexcel’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. As a group, equities analysts anticipate that Hexcel Co. will post 3.46 EPS for the current fiscal year.

Several brokerages have weighed in on HXL. ValuEngine raised Hexcel from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Barclays reissued a “hold” rating and issued a $77.00 price target on shares of Hexcel in a report on Sunday, May 26th. UBS Group raised Hexcel from a “sell” rating to a “neutral” rating and raised their price target for the stock from $67.00 to $76.00 in a report on Thursday, May 23rd. BMO Capital Markets raised their price target on Hexcel to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research raised Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Hexcel has an average rating of “Hold” and a consensus target price of $77.05.

In other news, insider Timothy Swords sold 20,395 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total value of $1,445,189.70. Following the completion of the sale, the insider now directly owns 16,839 shares in the company, valued at $1,193,211.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thierry Merlot sold 3,241 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $71.00, for a total value of $230,111.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,179 shares of company stock valued at $2,600,947. 1.40% of the stock is owned by company insiders.

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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. It 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, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, 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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