November 30, 2016 - By Marie Mckinney · 0 Comments
Hexcel Corp (NYSE:HXL) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.11, from 1.05 in 2016Q1. The ratio dropped, as 122 investment managers increased and opened new positions, while 116 sold and reduced positions in Hexcel Corp. The investment managers in our partner’s database now hold: 86.93 million shares, down from 87.04 million shares in 2016Q1. Also, the number of investment managers holding Hexcel Corp in their top 10 positions decreased from 7 to 6 for a decrease of 1. Sold All: 13 Reduced: 103 Increased: 90 New Position: 32.
Hexcel Corporation is a composites company. The company has a market cap of $4.78 billion. The Firm develops, makes and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. It has a 20.14 P/E ratio. It operates through two divisions, including Composite Materials and Engineered Products.
About 82,187 shares traded hands. Hexcel Corporation (NYSE:HXL) has risen 11.46% since April 27, 2016 and is uptrending. It has outperformed by 6.23% the S&P500.
Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on January, 19. They expect $0.63 earnings per share, up 12.50% or $0.07 from last year’s $0.56 per share. HXL’s profit will be $58.00 million for 20.60 P/E if the $0.63 EPS becomes a reality. After $0.65 actual earnings per share reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts -3.08% negative EPS growth.
According to Zacks Investment Research, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets.”
Timucuan Asset Management Inc Fl holds 5.93% of its portfolio in Hexcel Corporation for 1.56 million shares. Broad Run Investment Management Llc owns 2.68 million shares or 5.36% of their US portfolio. Moreover, Ingalls & Snyder Llc has 4.75% invested in the company for 1.93 million shares. The New York-based Joho Capital Llc has invested 4.38% in the stock. Roanoke Asset Management Corp Ny, a New York-based fund reported 159,097 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 selling transactions for $1.84 million net activity.
Ratings analysis reveals 44% of Hexcel’s analysts are positive. Out of 9 Wall Street analysts rating Hexcel, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $44 while the high is $60. The stock’s average target of $51 is -1.77% below today’s ($51.92) share price. HXL was included in 14 notes of analysts from August 4, 2015. Deutsche Bank maintained the shares of HXL in a report on Wednesday, October 21 with “Buy” rating. Canaccord Genuity maintained Hexcel Corporation (NYSE:HXL) rating on Monday, January 25. Canaccord Genuity has “Hold” rating and $48.0 price target. The rating was downgraded by Bank of America on Friday, July 29 to “Neutral”. The company was initiated on Thursday, December 10 by BB&T Capital. Credit Suisse initiated the stock with “Neutral” rating in Friday, January 22 report. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. The firm earned “Outperform” rating on Friday, September 25 by RBC Capital Markets. As per Tuesday, August 4, the company rating was maintained by Deutsche Bank. Goldman Sachs downgraded the shares of HXL in a report on Monday, January 4 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, October 21.
Hexcel Corporation, incorporated on March 2, 1983, is a composites company. The Firm develops, makes and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. The Firm operates through two divisions, including Composite Materials and Engineered Products. The Company’s products are used in a range of end applications, such as commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive, recreational products and other industrial applications. It uses independent distributors and maker representatives to sell and market its products. It operates in the Americas, Europe, Asia Pacific and Russia.
More recent Hexcel Corporation (NYSE:HXL) news were published by: Fool.com which released: “Shares of Hexcel Corporation Take Off After Strong Fourth-Quarter Results” on January 22, 2016. Also Globenewswire.com published the news titled: “Oxford Performance Materials Announces Strategic Investment from Hexcel …” on May 31, 2016. Seekingalpha.com‘s news article titled: “Hexcel: Time Is A Friend Of This Wonderful Company” with publication date: July 18, 2016 was also an interesting one.
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By Marie Mckinney