Sei Investments Co. Has $107.33 Million Stock Position in Hexcel Corporation $HXL

Sei Investments Co. cut its holdings in shares of Hexcel Corporation (NYSE:HXL) by 2.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,326,236 shares of the aerospace company’s stock after selling 39,012 shares during the period. Sei Investments Co.’s holdings in Hexcel were worth $107,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Hexcel during the 1st quarter worth approximately $28,000. Prosperity Bancshares Inc bought a new position in shares of Hexcel in the fourth quarter valued at approximately $36,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Hexcel by 181.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 326 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Hexcel during the first quarter valued at approximately $37,000. Finally, Leonteq Securities AG bought a new stake in Hexcel during the fourth quarter worth $38,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HXL. TD Cowen increased their price target on Hexcel from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a report on Friday, July 17th. Wells Fargo & Company began coverage on shares of Hexcel in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $95.00 target price for the company. BMO Capital Markets increased their target price on shares of Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Hexcel in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $94.00.

Hexcel Stock Up 2.9%

HXL stock opened at $109.75 on Friday. The stock has a market cap of $8.28 billion, a P/E ratio of 72.21, a P/E/G ratio of 1.63 and a beta of 1.05. The company has a current ratio of 2.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $95.77 and its two-hundred day simple moving average is $89.19. Hexcel Corporation has a 1-year low of $58.20 and a 1-year high of $111.01.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.17. The company had revenue of $501.50 million for the quarter, compared to analysts’ expectations of $488.11 million. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Analysts expect that Hexcel Corporation will post 2.26 EPS for the current year.

Hexcel Company Profile

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.