Schwab Charles Investment Management Inc. raised its holdings in shares of Hexcel Corporation (NYSE:HXL) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 503,157 shares of the aerospace company’s stock after purchasing an additional 26,591 shares during the period. Schwab Charles Investment Management Inc. owned 0.56% of Hexcel Corporation worth $26,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Hexcel Corporation by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock valued at $382,143,000 after purchasing an additional 257,243 shares during the period. BlackRock Inc. lifted its position in Hexcel Corporation by 12,782.1% during the 1st quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock valued at $255,874,000 after purchasing an additional 4,654,206 shares during the period. Broad Run Investment Management LLC lifted its position in Hexcel Corporation by 3.4% during the 1st quarter. Broad Run Investment Management LLC now owns 2,951,469 shares of the aerospace company’s stock valued at $161,003,000 after purchasing an additional 96,115 shares during the period. William Blair Investment Management LLC lifted its position in Hexcel Corporation by 9.5% during the 1st quarter. William Blair Investment Management LLC now owns 1,802,923 shares of the aerospace company’s stock valued at $98,349,000 after purchasing an additional 155,762 shares during the period. Finally, Schroder Investment Management Group lifted its position in Hexcel Corporation by 39.7% during the 1st quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock valued at $97,546,000 after purchasing an additional 509,076 shares during the period. Institutional investors own 96.90% of the company’s stock.

Shares of Hexcel Corporation (HXL) opened at 54.92 on Friday. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $55.91. The company has a 50 day moving average of $53.02 and a 200-day moving average of $52.69. The firm has a market capitalization of $4.93 billion, a P/E ratio of 20.12 and a beta of 1.04.

Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.02). The company had revenue of $491.30 million during the quarter, compared to analyst estimates of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. Hexcel Corporation’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. Analysts predict that Hexcel Corporation will post $2.68 EPS for the current year.

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A number of research firms have issued reports on HXL. Jefferies Group LLC restated a “hold” rating and set a $50.00 target price (down from $52.00) on shares of Hexcel Corporation in a research report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a research report on Monday, July 24th. Canaccord Genuity restated a “hold” rating and set a $54.00 target price on shares of Hexcel Corporation in a research report on Monday, July 24th. BidaskClub upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.20.

Hexcel Corporation 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.

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

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