Hexcel Co. (NYSE:HXL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in shares of Hexcel Co. (NYSE:HXL) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,091 shares of the aerospace company’s stock after selling 620 shares during the period. Cetera Investment Advisers’ holdings in Hexcel were worth $1,130,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Fidelis Capital Partners LLC purchased a new position in Hexcel in the first quarter valued at $36,000. Centerpoint Advisors LLC increased its holdings in Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after buying an additional 223 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Hexcel in the first quarter valued at $54,000. GAMMA Investing LLC increased its holdings in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after buying an additional 276 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Hexcel in the first quarter valued at $119,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of HXL stock opened at $61.92 on Thursday. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. The firm has a market capitalization of $5.15 billion, a P/E ratio of 52.92, a P/E/G ratio of 1.38 and a beta of 1.29. The company’s fifty day moving average price is $61.52 and its two-hundred day moving average price is $64.57.

Hexcel (NYSE:HXL) last issued its earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $500.40 million for the quarter, compared to analyst estimates of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS. On average, research analysts anticipate that Hexcel Co. will post 2.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HXL has been the topic of several research reports. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $76.00 to $68.00 in a report on Wednesday, August 14th. Stifel Nicolaus dropped their price objective on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. BMO Capital Markets dropped their price objective on Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley dropped their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.46.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.