Graybill Bartz Assoc Ltd buys $2.3 Million stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Graybill Bartz Assoc Ltd scooped up 130 additional shares in Hexcel Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 53,770 shares of Hexcel Corporation which is valued at $2.3 Million.Hexcel Corporation makes up approximately 2.15% of Graybill Bartz Assoc Ltd’s portfolio.

On the company’s financial health, Hexcel Corporation reported $0.56 EPS for the quarter, based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $464.90 million for the quarter, compared to analysts expectations of $459.70 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Hexcel Corporation. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 51 from a previous price target of $56 .Shares were Reiterated by Canaccord Genuity on Jan 25, 2016 to “Hold” and Lowered the Price Target to $ 48 from a previous price target of $50 .Credit Suisse Resumed Hexcel Corporation on Jan 22, 2016 to “Neutral”, Price Target of the shares are set at $44.

Hexcel Corporation closed down -0.26 points or -0.59% at $43.64 with 3,90,483 shares getting traded on Monday. Post opening the session at $43.91, the shares hit an intraday low of $43.53 and an intraday high of $44.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Hexcel Corporation (Hexcel) 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 composite structures for use in commercial aerospace space and defense and industrial markets. The Company 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. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.

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