Timucuan Asset Management Incfl buys $101,309,283 stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Timucuan Asset Management Incfl scooped up 552,345 additional shares in Hexcel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,109,731 shares of Hexcel Corporation which is valued at $101,309,283.Hexcel Corporation makes up approximately 8.92% of Timucuan Asset Management Incfl’s portfolio.

Other Hedge Funds, Including , Capwealth Advisors reduced its stake in HXL by selling 56,355 shares or 47.41% in the most recent quarter. The Hedge Fund company now holds 62,514 shares of HXL which is valued at $3,001,922. Hexcel Corporation makes up approx 0.69% of Capwealth Advisors’s portfolio.Rhumbline Advisers boosted its stake in HXL in the latest quarter, The investment management firm added 4,268 additional shares and now holds a total of 101,393 shares of Hexcel Corporation which is valued at $4,677,259. Hexcel Corporation makes up approx 0.01% of Rhumbline Advisers’s portfolio. Investment Counselors Of Maryland added HXL to its portfolio by purchasing 3,750 company shares during the most recent quarter which is valued at $167,888. Hexcel Corporation makes up approx 0.01% of Investment Counselors Of Maryland’s portfolio. Suffolk Capital Management sold out all of its stake in HXL during the most recent quarter. The investment firm sold 181,707 shares of HXL which is valued $8,160,461.Trillium Asset Management boosted its stake in HXL in the latest quarter, The investment management firm added 82,851 additional shares and now holds a total of 334,444 shares of Hexcel Corporation which is valued at $15,213,858. Hexcel Corporation makes up approx 1.00% of Trillium Asset Management’s portfolio.

Hexcel Corporation opened for trading at $48.31 and hit $48.72 on the upside on Monday, eventually ending the session at $48.51, with a gain of 0.73% or 0.35 points. The heightened volatility saw the trading volume jump to 4,62,832 shares. Company has a market cap of $4,451 M.

On the company’s financial health, Hexcel Corporation reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.61. The company had revenue of $500.50 million for the quarter, compared to analysts expectations of $494.02 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

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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