Gabelli Funds LLC Increases Stake in Hexcel Corporation $HXL

Gabelli Funds LLC raised its position in shares of Hexcel Corporation (NYSE:HXL) by 6.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,849 shares of the aerospace company’s stock after purchasing an additional 4,945 shares during the quarter. Gabelli Funds LLC’s holdings in Hexcel were worth $6,543,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new stake in shares of Hexcel during the first quarter valued at approximately $28,000. Prosperity Bancshares Inc purchased a new position in Hexcel in the 4th quarter worth approximately $36,000. Cedar Mountain Advisors LLC purchased a new position in Hexcel in the 1st quarter worth approximately $37,000. Transamerica Financial Advisors LLC lifted its position in Hexcel by 181.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 326 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in Hexcel in the 4th quarter valued at approximately $38,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on HXL shares. Wells Fargo & Company began coverage on Hexcel in a report on Wednesday, April 1st. They issued an “overweight” rating and a $95.00 target price for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $79.00 price target on shares of Hexcel in a research note on Friday, April 24th. BMO Capital Markets increased their price objective on Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research report on Friday, July 17th. Finally, TD Cowen lifted their price objective on Hexcel from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.00.

Hexcel Trading Down 0.6%

Shares of HXL stock opened at $109.64 on Tuesday. Hexcel Corporation has a 12-month low of $58.20 and a 12-month high of $111.74. 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 firm’s 50 day moving average is $96.61 and its 200 day moving average is $89.64. The stock has a market capitalization of $8.27 billion, a P/E ratio of 72.13, a P/E/G ratio of 1.69 and a beta of 1.05.

About Hexcel

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.