US Bancorp DE increased its stake in Hexcel Corporation (NYSE:HXL) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,388 shares of the aerospace company’s stock after buying an additional 697 shares during the period. US Bancorp DE’s holdings in Hexcel Corporation were worth $1,077,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Hexcel Corporation by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,477 shares of the aerospace company’s stock valued at $244,000 after buying an additional 80 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Hexcel Corporation by 0.6% in the first quarter. Blair William & Co. IL now owns 16,359 shares of the aerospace company’s stock valued at $896,000 after buying an additional 105 shares during the last quarter. SFE Investment Counsel boosted its stake in shares of Hexcel Corporation by 1.4% in the first quarter. SFE Investment Counsel now owns 8,465 shares of the aerospace company’s stock valued at $462,000 after buying an additional 120 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Hexcel Corporation by 2.3% in the first quarter. Private Advisor Group LLC now owns 5,990 shares of the aerospace company’s stock valued at $322,000 after buying an additional 135 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Hexcel Corporation by 5.2% in the first quarter. Neuberger Berman Group LLC now owns 5,523 shares of the aerospace company’s stock valued at $301,000 after buying an additional 271 shares during the last quarter.

Shares of Hexcel Corporation (HXL) traded down 0.02% during mid-day trading on Wednesday, hitting $53.22. 123,990 shares of the stock traded hands. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $55.91. The company has a market cap of $4.78 billion, a P/E ratio of 19.49 and a beta of 1.04. The firm has a 50 day moving average of $52.84 and a 200 day moving average of $52.41.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd will be paid a $0.125 dividend. This is an increase from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, August 1st. Hexcel Corporation’s dividend payout ratio (DPR) is currently 18.32%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/09/hexcel-corporation-nysehxl-shares-bought-by-us-bancorp-de.html.

Several brokerages have commented on HXL. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 price target (down previously from $52.00) on shares of Hexcel Corporation in a research note on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and issued a $57.00 price target on shares of Hexcel Corporation in a research note on Monday, July 24th. BidaskClub upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Aegis reiterated a “buy” rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. Finally, Zacks Investment Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Hexcel Corporation currently has a consensus rating of “Hold” and a consensus target price of $56.89.

Hexcel Corporation Company 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.

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

Institutional Ownership by Quarter for Hexcel Corporation (NYSE:HXL)

Receive News & Stock Ratings for Hexcel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corporation and related stocks with our FREE daily email newsletter.