Hexcel Corporation (HXL) : Monroe Bank Trustmi reduced its stake in Hexcel Corporation by 0.93% during the most recent quarter end. The investment management company now holds a total of 27,811 shares of Hexcel Corporation which is valued at $1,238,146 after selling 261 shares in Hexcel Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Hexcel Corporation makes up approximately 0.41% of Monroe Bank Trustmi’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in HXL in the latest quarter, The investment management firm added 7,295 additional shares and now holds a total of 645,872 shares of Hexcel Corporation which is valued at $28,625,047. Hexcel Corporation makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Greystone Managed Investments reduced its stake in HXL by selling 15,220 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 185,206 shares of HXL which is valued at $8,208,330. Hexcel Corporation makes up approx 0.32% of Greystone Managed Investments’s portfolio.Swiss National Bank reduced its stake in HXL by selling 1,100 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 155,400 shares of HXL which is valued at $6,836,046. Hexcel Corporation makes up approx 0.01% of Swiss National Bank’s portfolio.
Hexcel Corporation opened for trading at $44.91 and hit $45.32 on the upside on Friday, eventually ending the session at $45.16, with a gain of 0.09% or 0.04 points. The heightened volatility saw the trading volume jump to 3,23,946 shares. Company has a market cap of $4,177 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.