Blue Trust Inc. Has $399,000 Stock Position in Hexcel Corporation $HXL

Blue Trust Inc. boosted its position in Hexcel Corporation (NYSE:HXL) by 4.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,057 shares of the aerospace company’s stock after purchasing an additional 281 shares during the period. Blue Trust Inc.’s holdings in Hexcel were worth $399,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Park Place Capital Corp lifted its position in shares of Hexcel by 65.1% in the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock valued at $28,000 after buying an additional 196 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 441 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in Hexcel during the 2nd quarter valued at $55,000. Brooklyn Investment Group lifted its holdings in Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock valued at $64,000 after purchasing an additional 887 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 499 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HXL has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Morgan Stanley raised their price objective on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. UBS Group raised Hexcel from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $80.00 in a report on Tuesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $65.00 target price on shares of Hexcel in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.63.

Insider Activity

In other Hexcel news, insider Thierry Merlot sold 8,897 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the completion of the sale, the insider owned 51,308 shares of the company’s stock, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $59,215.00. Following the sale, the insider directly owned 4,283 shares of the company’s stock, valued at $278,395. This represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.03% of the company’s stock.

Hexcel Price Performance

HXL stock opened at $62.44 on Tuesday. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. The company has a 50 day simple moving average of $62.78 and a 200 day simple moving average of $57.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 57.82, a P/E/G ratio of 1.95 and a beta of 1.33.

Hexcel (NYSE:HXL) last issued its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The business had revenue of $489.90 million during the quarter, compared to analysts’ expectations of $482.20 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Research analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel’s dividend payout ratio is presently 62.96%.

Hexcel Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.