Hexcel Co. (HXL) Shares Sold by Raymond James & Associates

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Raymond James & Associates lowered its holdings in Hexcel Co. (NYSE:HXL) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 114,252 shares of the aerospace company’s stock after selling 19,433 shares during the period. Raymond James & Associates’ holdings in Hexcel were worth $6,551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dean Investment Associates LLC lifted its stake in shares of Hexcel by 1.0% in the 4th quarter. Dean Investment Associates LLC now owns 13,957 shares of the aerospace company’s stock valued at $800,000 after purchasing an additional 144 shares during the period. Whittier Trust Co. lifted its stake in shares of Hexcel by 51.7% in the 4th quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 181 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Hexcel by 0.5% in the 4th quarter. Wesbanco Bank Inc. now owns 62,626 shares of the aerospace company’s stock valued at $3,591,000 after purchasing an additional 296 shares during the period. CWM LLC lifted its stake in shares of Hexcel by 139.6% in the 4th quarter. CWM LLC now owns 520 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 303 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in shares of Hexcel by 51.8% in the 4th 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 during the period. Institutional investors and hedge funds own 94.68% of the company’s stock.

In related news, insider Thierry Merlot sold 5,336 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $71.87, for a total transaction of $383,498.32. Following the completion of the transaction, the insider now owns 48,532 shares of the company’s stock, valued at approximately $3,487,994.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

HXL stock opened at $68.71 on Friday. Hexcel Co. has a twelve month low of $53.50 and a twelve month high of $73.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.07 and a quick ratio of 1.16. The company has a market cap of $5.87 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.99 and a beta of 1.21.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 23rd. The aerospace company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Hexcel had a return on equity of 19.19% and a net margin of 12.64%. The company had revenue of $561.00 million during the quarter, compared to analyst estimates of $558.55 million. During the same quarter last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that Hexcel Co. will post 3.52 earnings per share for the current fiscal year.

HXL has been the subject of a number of research analyst reports. BMO Capital Markets upgraded Hexcel from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, February 15th. Loop Capital cut Hexcel from a “buy” rating to a “hold” rating and set a $71.57 target price for the company. in a research note on Wednesday, March 6th. Finally, Cowen restated a “buy” rating and issued a $66.00 target price on shares of Hexcel in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $72.38.

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Hexcel 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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Want to see what other hedge funds are holding HXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hexcel Co. (NYSE:HXL).

Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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