Hexcel Corporation (HXL) Stake Raised by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its position in Hexcel Corporation (NYSE:HXL) by 79.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,245 shares of the aerospace company’s stock after purchasing an additional 40,923 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned about 0.10% of Hexcel Corporation worth $5,297,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Hexcel Corporation by 5.0% in the 2nd quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock valued at $259,946,000 after purchasing an additional 233,521 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Hexcel Corporation by 6.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock worth $171,365,000 after buying an additional 199,893 shares in the last quarter. Broad Run Investment Management LLC lifted its position in Hexcel Corporation by 1.0% during the 2nd quarter. Broad Run Investment Management LLC now owns 2,980,460 shares of the aerospace company’s stock worth $157,338,000 after buying an additional 28,991 shares in the last quarter. Earnest Partners LLC lifted its position in Hexcel Corporation by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 2,787,790 shares of the aerospace company’s stock worth $147,167,000 after buying an additional 26,303 shares in the last quarter. Finally, State Street Corp lifted its position in Hexcel Corporation by 7.8% during the 2nd quarter. State Street Corp now owns 2,325,125 shares of the aerospace company’s stock worth $122,742,000 after buying an additional 169,088 shares in the last quarter. Institutional investors own 96.50% of the company’s stock.

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Several research analysts recently issued reports on HXL shares. Cowen and Company reiterated a “buy” rating and set a $57.00 price target on shares of Hexcel Corporation in a research report on Wednesday, August 9th. KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Hexcel Corporation in a research report on Friday, September 1st. Bank of America Corporation upped their price target on shares of Hexcel Corporation from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 price target on shares of Hexcel Corporation in a research report on Friday, September 29th. Finally, Loop Capital started coverage on shares of Hexcel Corporation in a research report on Thursday, September 28th. They set a “hold” rating and a $61.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Hexcel Corporation presently has an average rating of “Hold” and an average target price of $59.20.

Shares of Hexcel Corporation (HXL) traded down $0.34 during mid-day trading on Friday, hitting $60.42. The stock had a trading volume of 526,200 shares, compared to its average volume of 593,790. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58. The company has a market cap of $5,400.00, a PE ratio of 23.19, a PEG ratio of 2.87 and a beta of 1.10. Hexcel Corporation has a one year low of $46.95 and a one year high of $63.93.

Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $507.77 million. Hexcel Corporation had a return on equity of 18.40% and a net margin of 13.13%. Hexcel Corporation’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. analysts anticipate that Hexcel Corporation will post 2.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Wednesday, November 1st were paid a $0.125 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.83%. Hexcel Corporation’s dividend payout ratio (DPR) is presently 18.05%.

In related news, Director Lynn Brubaker sold 6,948 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $61.67, for a total transaction of $428,483.16. Following the completion of the sale, the director now directly owns 7,107 shares of the company’s stock, valued at approximately $438,288.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thierry Merlot sold 3,748 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $61.19, for a total value of $229,340.12. Following the sale, the insider now directly owns 13,691 shares of the company’s stock, valued at $837,752.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,304 shares of company stock valued at $823,040. 2.10% of the stock is owned by company insiders.

Hexcel Corporation Company 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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