Ingalls Snyder Lowers stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Ingalls Snyder reduced its stake in Hexcel Corporation by 1.22% during the most recent quarter end. The investment management company now holds a total of 1,934,042 shares of Hexcel Corporation which is valued at $86,103,550 after selling 23,949 shares in Hexcel Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Hexcel Corporation makes up approximately 4.85% of Ingalls Snyder’s portfolio.

Other Hedge Funds, Including , Baird Financial Group boosted its stake in HXL in the latest quarter, The investment management firm added 3,096 additional shares and now holds a total of 135,690 shares of Hexcel Corporation which is valued at $6,040,919. Hexcel Corporation makes up approx 0.05% of Baird Financial Group’s portfolio.Utah Retirement Systems reduced its stake in HXL by selling 300 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 16,900 shares of HXL which is valued at $743,431. Hexcel Corporation makes up approx 0.02% of Utah Retirement Systems’s portfolio.Hood River Capital Management boosted its stake in HXL in the latest quarter, The investment management firm added 4,030 additional shares and now holds a total of 173,143 shares of Hexcel Corporation which is valued at $7,474,583. Hexcel Corporation makes up approx 0.90% of Hood River Capital Management’s portfolio.

Hexcel Corporation opened for trading at $44.9 and hit $45.29 on the upside on Tuesday, eventually ending the session at $45.22, with a gain of 0.74% or 0.33 points. The heightened volatility saw the trading volume jump to 4,69,715 shares. Company has a market cap of $4,183 M.

On the company’s financial health, Hexcel Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $522.60 million for the quarter, compared to analysts expectations of $503.98 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Hexcel Corporation. Hexcel Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016.

Hexcel Corporation (Hexcel) 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 composite structures for use in commercial aerospace space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers fabrics and specialty reinforcements prepregs and other fiber-reinforced matrix materials structural adhesives honeycomb molding compounds tooling materials polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.

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