Forbes J M Co Llp buys $8.4 Million stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Forbes J M Co Llp scooped up 4,853 additional shares in Hexcel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 189,008 shares of Hexcel Corporation which is valued at $8.4 Million.Hexcel Corporation makes up approximately 2.40% of Forbes J M Co Llp’s portfolio.

Other Hedge Funds, Including , Westfield Capital Management Co Lp boosted its stake in HXL in the latest quarter, The investment management firm added 4,150 additional shares and now holds a total of 561,661 shares of Hexcel Corporation which is valued at $24.9 Million. Hexcel Corporation makes up approx 0.19% of Westfield Capital Management Co Lp’s portfolio. Cls Investments sold out all of its stake in HXL during the most recent quarter. The investment firm sold 2 shares of HXL which is valued $89. Midas Management Corp added HXL to its portfolio by purchasing 23,500 company shares during the most recent quarter which is valued at $1.1 Million. Hexcel Corporation makes up approx 0.54% of Midas Management Corp’s portfolio.

Hexcel Corporation opened for trading at $43.67 and hit $43.87 on the upside on Wednesday, eventually ending the session at $43.79, with a gain of 0.64% or 0.28 points. The heightened volatility saw the trading volume jump to 3,37,802 shares. Company has a market cap of $4,068 M.

On the company’s financial health, Hexcel Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.57. The company had revenue of $497.70 million for the quarter, compared to analysts expectations of $501.76 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

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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