Red Spruce Capital LLC purchased a new position in shares of Hexcel Co. (NYSE:HXL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,844 shares of the aerospace company’s stock, valued at approximately $428,000.
Several other hedge funds also recently bought and sold shares of the stock. AE Wealth Management LLC acquired a new stake in shares of Hexcel during the fourth quarter worth approximately $321,000. Johanson Financial Advisors Inc. acquired a new stake in shares of Hexcel during the fourth quarter worth approximately $291,000. Boston Trust Walden Corp boosted its holdings in shares of Hexcel by 1.3% during the fourth quarter. Boston Trust Walden Corp now owns 147,662 shares of the aerospace company’s stock worth $10,826,000 after purchasing an additional 1,858 shares during the period. Kopion Asset Management LLC acquired a new stake in shares of Hexcel during the fourth quarter worth approximately $5,830,000. Finally, Evoke Wealth LLC acquired a new stake in shares of Hexcel during the third quarter worth approximately $59,000. Institutional investors and hedge funds own 96.34% of the company’s stock.
Several analysts recently commented on the stock. Bank of America cut shares of Hexcel from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $95.00 to $80.00 in a report on Tuesday, October 1st. BMO Capital Markets raised their price target on shares of Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Investment Research upgraded shares of Hexcel from a “sell” rating to a “hold” rating and set a $85.00 price target for the company in a report on Tuesday. ValuEngine upgraded shares of Hexcel from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, Canaccord Genuity cut shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.43.
Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $572.50 million during the quarter, compared to analysts’ expectations of $598.88 million. Hexcel had a net margin of 12.73% and a return on equity of 21.74%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, equities analysts anticipate that Hexcel Co. will post 3.53 EPS for the current year.
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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