Capital Fund Management S.A. Purchases Shares of 5,035 Hexcel Corporation (HXL)

Capital Fund Management S.A. purchased a new stake in Hexcel Corporation (NYSE:HXL) in the second quarter, according to its most recent filing with the SEC. The fund purchased 5,035 shares of the aerospace company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AXA increased its holdings in shares of Hexcel Corporation by 2.6% in the 2nd quarter. AXA now owns 911,497 shares of the aerospace company’s stock valued at $48,118,000 after acquiring an additional 22,997 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Hexcel Corporation by 38.4% in the 2nd quarter. Wells Fargo & Company MN now owns 578,459 shares of the aerospace company’s stock valued at $30,536,000 after acquiring an additional 160,387 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Hexcel Corporation by 0.7% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,465,700 shares of the aerospace company’s stock valued at $77,374,000 after acquiring an additional 10,400 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Hexcel Corporation in the 2nd quarter valued at approximately $1,199,000. Finally, Private Advisor Group LLC increased its holdings in shares of Hexcel Corporation by 11.6% in the 2nd quarter. Private Advisor Group LLC now owns 6,686 shares of the aerospace company’s stock valued at $359,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

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Hexcel Corporation (NYSE HXL) opened at 56.78 on Wednesday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 20.80 and a beta of 1.04. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $56.87. The firm’s 50-day moving average price is $53.30 and its 200-day moving average price is $52.67.

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

HXL has been the subject of a number of analyst reports. KeyCorp restated a “buy” rating and set a $60.00 price objective on shares of Hexcel Corporation in a research report on Friday, September 1st. BidaskClub lowered Hexcel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Hexcel Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, June 26th. Canaccord Genuity restated a “hold” rating and set a $54.00 price objective on shares of Hexcel Corporation in a research report on Monday, July 24th. Finally, Cowen and Company restated a “buy” rating and set a $57.00 price objective on shares of Hexcel Corporation in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.20.

Hexcel Corporation 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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