Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Hexcel Corporation (NYSE:HXL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,225 shares of the aerospace company’s stock, valued at approximately $1,753,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HXL. BlackRock Inc. increased 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. Point72 Asset Management L.P. purchased a new position in Hexcel Corporation during the 1st quarter valued at about $41,982,000. Morgan Stanley increased its position in Hexcel Corporation by 236.2% during the 1st quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock valued at $23,219,000 after purchasing an additional 299,028 shares during the period. Vanguard Group Inc. increased 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. Finally, Schroder Investment Management Group increased its position in Hexcel Corporation by 11.6% during the 2nd quarter. Schroder Investment Management Group now owns 2,000,232 shares of the aerospace company’s stock valued at $104,652,000 after purchasing an additional 208,439 shares during the period. 96.61% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Corporation (HXL) opened at 63.76 on Friday. Hexcel Corporation has a 12 month low of $44.04 and a 12 month high of $63.82. The stock has a market cap of $5.72 billion, a P/E ratio of 23.36 and a beta of 1.04. The stock has a 50 day moving average of $57.28 and a 200-day moving average of $53.52.

Hexcel Corporation (NYSE:HXL) last released its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 13.13% and a return on equity of 18.40%. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Hexcel Corporation will post $2.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.78%. Hexcel Corporation’s payout ratio is 18.05%.

A number of research analysts have commented on HXL shares. KeyCorp reissued a “buy” rating and set a $60.00 target price on shares of Hexcel Corporation in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $50.00 target price on shares of Hexcel Corporation in a research report on Friday, September 29th. BidaskClub downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a $54.00 target price on shares of Hexcel Corporation in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.90.

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About Hexcel Corporation

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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