Hexcel Corporation (HXL) : Timucuan Asset Management Incfl scooped up 197,798 additional shares in Hexcel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,557,386 shares of Hexcel Corporation which is valued at $69,334,825.Hexcel Corporation makes up approximately 5.87% of Timucuan Asset Management Incfl’s portfolio.
Other Hedge Funds, Including , Robecosam Ag reduced its stake in HXL by selling 16,500 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 409,250 shares of HXL which is valued at $18,219,810. Hexcel Corporation makes up approx 1.56% of Robecosam Ag’s portfolio.Oppenheimerfunds boosted its stake in HXL in the latest quarter, The investment management firm added 14,928 additional shares and now holds a total of 930,079 shares of Hexcel Corporation which is valued at $41,407,117. Hexcel Corporation makes up approx 0.05% of Oppenheimerfunds’s portfolio.Glenmede Trust Co Na boosted its stake in HXL in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 8,124 shares of Hexcel Corporation which is valued at $360,543.Ngam Advisors boosted its stake in HXL in the latest quarter, The investment management firm added 1,594 additional shares and now holds a total of 12,483 shares of Hexcel Corporation which is valued at $549,127. Hexcel Corporation makes up approx 0.01% of Ngam Advisors’s portfolio.
Hexcel Corporation opened for trading at $45.23 and hit $45.9 on the upside on Monday, eventually ending the session at $45.6, with a gain of 0.77% or 0.35 points. The heightened volatility saw the trading volume jump to 3,01,155 shares. Company has a market cap of $4,218 M.
On the company’s financial health, Hexcel Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $522.60 million for the quarter, compared to analysts expectations of $503.98 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on Hexcel Corporation. Hexcel Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016.
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.