New York State Common Retirement Fund Sells 56,735 Shares of Hexcel Corporation (HXL)

New York State Common Retirement Fund trimmed its holdings in shares of Hexcel Corporation (NYSE:HXL) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 954,896 shares of the aerospace company’s stock after selling 56,735 shares during the quarter. New York State Common Retirement Fund owned approximately 1.06% of Hexcel Corporation worth $50,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alps Advisors Inc. boosted its position in shares of Hexcel Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock worth $471,000 after purchasing an additional 23 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Hexcel Corporation by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock worth $387,000 after purchasing an additional 97 shares during the period. Blair William & Co. IL boosted its position in shares of Hexcel Corporation by 0.6% in the first quarter. Blair William & Co. IL now owns 16,359 shares of the aerospace company’s stock worth $896,000 after purchasing an additional 105 shares during the period. Comerica Bank boosted its position in shares of Hexcel Corporation by 1.4% in the second quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after purchasing an additional 128 shares during the period. Finally, Monroe Bank & Trust MI boosted its position in shares of Hexcel Corporation by 0.7% in the second quarter. Monroe Bank & Trust MI now owns 25,720 shares of the aerospace company’s stock worth $1,358,000 after purchasing an additional 169 shares during the period. Institutional investors own 96.78% of the company’s stock.

Hexcel Corporation (HXL) opened at 57.92 on Friday. The company’s 50 day moving average is $53.30 and its 200-day moving average is $52.67. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 21.22 and a beta of 1.04. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $58.08.

Hexcel Corporation (NYSE:HXL) last released its quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The company had revenue of $491.30 million during the quarter, compared to analyst estimates of $518.29 million. During the same period in the prior year, the business posted $0.70 EPS. Hexcel Corporation’s revenue was down 6.0% compared to the same quarter last year. On average, analysts expect that Hexcel Corporation will post $2.68 earnings per share for the current fiscal year.

A number of research firms have weighed in on HXL. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 price target (down from $52.00) on shares of Hexcel Corporation in a research report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and issued a $57.00 price target on shares of Hexcel Corporation in a research report on Monday, July 24th. BidaskClub upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research lowered shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Aegis reiterated a “buy” rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Hexcel Corporation has an average rating of “Hold” and an average target price of $57.20.

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Hexcel Corporation Profile

Hexcel Corporation 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 structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

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Institutional Ownership by Quarter for Hexcel Corporation (NYSE:HXL)

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