Hexcel Corporation $HXL Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its holdings in shares of Hexcel Corporation (NYSE:HXL) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,819 shares of the aerospace company’s stock after selling 504 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Hexcel were worth $272,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HXL. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Hexcel by 10.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company’s stock valued at $285,000 after buying an additional 492 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hexcel by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company’s stock worth $10,223,000 after acquiring an additional 937 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Hexcel by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company’s stock worth $3,136,000 after purchasing an additional 14,002 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Hexcel by 2.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 817,388 shares of the aerospace company’s stock valued at $44,760,000 after purchasing an additional 22,396 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 1,125 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price objective (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. BMO Capital Markets increased their target price on Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. Finally, Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.63.

Hexcel Stock Up 1.6%

HXL stock opened at $64.20 on Wednesday. The company has a 50 day moving average of $62.97 and a two-hundred day moving average of $57.87. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 1.99 and a beta of 1.33. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53.

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

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel’s dividend payout ratio is presently 62.96%.

Insider Transactions at Hexcel

In related news, insider Thierry Merlot sold 8,897 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value 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. The trade was a 14.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gina Fitzsimons sold 911 shares of the firm’s 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 transaction, the insider directly owned 4,283 shares in the company, valued at approximately $278,395. The trade was a 17.54% decrease in their position. The disclosure for this sale can be found here. 2.03% of the stock is owned by company insiders.

About Hexcel

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.