Hexcel Co. (NYSE:HXL) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its position in shares of Hexcel Co. (NYSE:HXL) by 12.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,925 shares of the aerospace company’s stock after buying an additional 14,208 shares during the quarter. Raymond James & Associates owned approximately 0.15% of Hexcel worth $8,425,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Carillon Tower Advisers Inc. increased its position in Hexcel by 79.2% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,893,456 shares of the aerospace company’s stock worth $119,687,000 after purchasing an additional 836,560 shares in the last quarter. Trinity Street Asset Management LLP purchased a new stake in Hexcel during the 2nd quarter worth about $31,792,000. BlackRock Inc. grew its holdings in Hexcel by 6.7% in the 1st quarter. BlackRock Inc. now owns 5,609,569 shares of the aerospace company’s stock valued at $362,323,000 after buying an additional 351,285 shares during the period. KAMES CAPITAL plc purchased a new stake in Hexcel in the 2nd quarter valued at about $20,681,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Hexcel in the 2nd quarter valued at about $17,274,000. 97.94% of the stock is owned by institutional investors and hedge funds.

In other Hexcel news, Director Jeffrey A. Graves bought 1,550 shares of the business’s stock in a transaction on Friday, July 27th. The shares were bought at an average cost of $69.00 per share, with a total value of $106,950.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $207,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Several analysts have commented on HXL shares. Stephens set a $80.00 price target on Hexcel and gave the company a “buy” rating in a report on Wednesday, July 25th. Canaccord Genuity restated a “buy” rating and issued a $80.00 price target on shares of Hexcel in a report on Monday, July 23rd. Cowen restated a “buy” rating and issued a $75.00 price target on shares of Hexcel in a report on Tuesday, June 12th. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Finally, UBS Group assumed coverage on Hexcel in a report on Wednesday, August 15th. They issued a “sell” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.17.

Hexcel stock opened at $67.31 on Tuesday. The company has a market cap of $5.87 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.62 and a beta of 1.14. The company has a current ratio of 2.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66. Hexcel Co. has a one year low of $58.12 and a one year high of $73.42.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, July 23rd. The aerospace company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $547.50 million for the quarter, compared to analyst estimates of $541.92 million. Hexcel had a return on equity of 17.56% and a net margin of 13.78%. Hexcel’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Sell-side analysts expect that Hexcel Co. will post 3.03 EPS for the current year.

About Hexcel

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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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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