Boston Partners trimmed its holdings in shares of Hexcel Co. (NYSE:HXL) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,105 shares of the aerospace company’s stock after selling 314 shares during the quarter. Boston Partners’ holdings in Hexcel were worth $1,815,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC acquired a new stake in shares of Hexcel during the second quarter worth $83,589,000. Atlanta Capital Management Co. L L C acquired a new position in Hexcel during the second quarter valued at $63,334,000. Invesco Ltd. lifted its position in Hexcel by 215.2% during the second quarter. Invesco Ltd. now owns 1,132,300 shares of the aerospace company’s stock valued at $91,580,000 after purchasing an additional 773,112 shares during the period. TimesSquare Capital Management LLC lifted its position in Hexcel by 12.6% during the second quarter. TimesSquare Capital Management LLC now owns 1,506,260 shares of the aerospace company’s stock valued at $121,826,000 after purchasing an additional 168,360 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in Hexcel by 21.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,343 shares of the aerospace company’s stock valued at $65,945,000 after purchasing an additional 144,760 shares during the period. 96.34% of the stock is currently owned by institutional investors.
Shares of HXL stock traded down $2.24 on Tuesday, reaching $74.49. 1,508,438 shares of the company were exchanged, compared to its average volume of 492,974. Hexcel Co. has a 1 year low of $53.50 and a 1 year high of $87.00. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 2.22. The business has a 50-day moving average price of $78.04 and a 200 day moving average price of $79.33.
Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. Hexcel had a net margin of 12.73% and a return on equity of 21.74%. The company had revenue of $572.50 million during the quarter, compared to analysts’ expectations of $598.88 million. During the same quarter in the prior year, the company earned $0.80 EPS. Hexcel’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Hexcel Co. will post 3.53 earnings per share for the current year.
HXL has been the subject of a number of research reports. ValuEngine downgraded shares of Hexcel from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 11th. Bank of America downgraded shares of Hexcel from a “buy” rating to an “underperform” rating and decreased their target price for the company from $95.00 to $80.00 in a research report on Tuesday, October 1st. Cowen set a $87.00 target price on shares of Hexcel and gave the company a “buy” rating in a research report on Friday, September 27th. Credit Suisse Group decreased their target price on shares of Hexcel from $79.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Co initiated coverage on shares of Hexcel in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $85.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Hexcel currently has a consensus rating of “Hold” and an average price target of $82.21.
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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