Today: Today, Gofen & Glossberg LLC IL decides to keep it stake in Hexcel Corp. (HXL) to the level of $356,000

Today, Gofen & Glossberg LLC IL decides to keep it stake in Hexcel Corp. (HXL) to the level of $356,000

Gofen & Glossberg LLC IL held its position in shares of Hexcel Corp. (NYSE:HXL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,040 shares of the company’s stock at the end of the third quarter. Gofen & Glossberg LLC IL’s holdings in Hexcel Corp. were worth $356,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HXL. Nomura Holdings Inc. bought a new position in shares of Hexcel Corp. during the second quarter valued at $220,000. Royal Bank of Canada increased its position in shares of Hexcel Corp. by 6.8% in the second quarter. Royal Bank of Canada now owns 1,980,977 shares of the company’s stock valued at $82,488,000 after buying an additional 126,204 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of Hexcel Corp. by 0.5% in the second quarter. Calvert Investment Management Inc. now owns 7,529 shares of the company’s stock valued at $314,000 after buying an additional 37 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Hexcel Corp. by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 373,176 shares of the company’s stock valued at $15,540,000 after buying an additional 26,306 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC increased its position in shares of Hexcel Corp. by 0.4% in the second quarter. Stonebridge Capital Advisors LLC now owns 72,556 shares of the company’s stock valued at $3,021,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.

Shares of Hexcel Corp. (NYSE:HXL) traded up 0.35% on Friday, hitting $51.47. The company had a trading volume of 361,641 shares. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 20.04 and a beta of 0.94. The stock’s 50-day moving average is $45.73 and its 200 day moving average is $44.10. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $51.50.

Hexcel Corp. (NYSE:HXL) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business earned $500.50 million during the quarter, compared to analysts’ expectations of $494.26 million. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. Equities analysts expect that Hexcel Corp. will post $2.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Wednesday, November 2nd were given a $0.11 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. Hexcel Corp.’s dividend payout ratio (DPR) is presently 17.12%.

A number of equities analysts have weighed in on HXL shares. Zacks Investment Research lowered Hexcel Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Vertical Research started coverage on Hexcel Corp. in a research report on Friday, October 28th. They issued a “buy” rating and a $51.00 target price for the company. Aegis started coverage on Hexcel Corp. in a research report on Monday, November 21st. They issued a “buy” rating and a $59.00 target price for the company. Jefferies Group reissued a “hold” rating and issued a $44.00 target price on shares of Hexcel Corp. in a research report on Wednesday, August 10th. Finally, Bank of America Corp. lowered Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Friday, July 29th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $50.55.

In related news, SVP Robert George Hennemuth sold 2,495 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the sale, the senior vice president now directly owns 58,922 shares of the company’s stock, valued at approximately $2,651,490. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy Swords sold 16,699 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $45.01, for a total value of $751,621.99. Following the completion of the sale, the insider now directly owns 15,383 shares of the company’s stock, valued at $692,388.83. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

About Hexcel Corp.

Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.

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