Putnam Fl Investment Management Co Lowers stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Putnam Fl Investment Management Co reduced its stake in Hexcel Corporation by 1.45% during the most recent quarter end. The investment management company now holds a total of 122,072 shares of Hexcel Corporation which is valued at $5,369,947 after selling 1,795 shares in Hexcel Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Hexcel Corporation makes up approximately 0.62% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in HXL in the latest quarter, The investment management firm added 22,416 additional shares and now holds a total of 27,949 shares of Hexcel Corporation which is valued at $1,229,477. Hexcel Corporation makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Moody Aldrich Partners boosted its stake in HXL in the latest quarter, The investment management firm added 16,900 additional shares and now holds a total of 29,590 shares of Hexcel Corporation which is valued at $1,291,012. Hexcel Corporation makes up approx 1.03% of Moody Aldrich Partners’s portfolio.Rs Investment Management Co reduced its stake in HXL by selling 746,262 shares or 29.62% in the most recent quarter. The Hedge Fund company now holds 1,772,839 shares of HXL which is valued at $77,348,966. Hexcel Corporation makes up approx 0.75% of Rs Investment Management Co’s portfolio. Conestoga Capital Advisors sold out all of its stake in HXL during the most recent quarter. The investment firm sold 4,698 shares of HXL which is valued $207,887.

Hexcel Corporation closed down -0.09 points or -0.20% at $43.9 with 9,66,274 shares getting traded on Thursday. Post opening the session at $43.99, the shares hit an intraday low of $43.41 and an intraday high of $44.37 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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