Teacher Retirement System of Texas raised its stake in shares of Hexcel Corp. (NYSE:HXL) by 13.8% during the second quarter, Holdings Channel reports. The firm owned 13,213 shares of the company’s stock after buying an additional 1,601 shares during the period. Teacher Retirement System of Texas’ holdings in Hexcel Corp. were worth $550,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Hexcel Corp. during the second quarter valued at $108,000. Rehmann Capital Advisory Group raised its stake in Hexcel Corp. by 5.0% in the first quarter. Rehmann Capital Advisory Group now owns 5,044 shares of the company’s stock valued at $220,000 after buying an additional 239 shares during the period. Capital Fund Management S.A. acquired a new stake in Hexcel Corp. during the second quarter valued at $212,000. Neuberger Berman Group LLC acquired a new stake in Hexcel Corp. during the second quarter valued at $243,000. Finally, First Manhattan Co. raised its stake in Hexcel Corp. by 137.0% in the second quarter. First Manhattan Co. now owns 5,925 shares of the company’s stock valued at $246,000 after buying an additional 3,425 shares during the period. 98.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hexcel Corp. (NYSE:HXL) traded up 1.18% during trading on Tuesday, hitting $44.49. The stock had a trading volume of 48,771 shares. The firm has a 50-day moving average price of $44.41 and a 200 day moving average price of $43.78. The company has a market capitalization of $4.12 billion, a PE ratio of 18.48 and a beta of 0.98. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $48.33.
Hexcel Corp. (NYSE:HXL) last announced its earnings results on Wednesday, July 20th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $522.60 million for the quarter, compared to analyst estimates of $504.31 million. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. Equities analysts anticipate that Hexcel Corp. will post $2.54 earnings per share for the current year.
Several analysts recently weighed in on the company. Canaccord Genuity set a $48.00 price objective on Hexcel Corp. and gave the company a “hold” rating in a research note on Wednesday, July 20th. Bank of America Corp. lowered Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Friday, July 29th. Zacks Investment Research raised Hexcel Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, June 28th. Finally, Jefferies Group reissued a “hold” rating and set a $44.00 price target on shares of Hexcel Corp. in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $48.70.
In other news, Director David Charles Hill sold 1,188 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $44.47, for a total value of $52,830.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert George Hennemuth sold 2,495 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the transaction, the senior vice president now owns 58,922 shares of the company’s stock, valued at $2,651,490. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
About Hexcel Corp.
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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