Hexcel Corporation $HXL Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in Hexcel Corporation (NYSE:HXL) by 19.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,705 shares of the aerospace company’s stock after selling 1,367 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Hexcel were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HXL. GAMMA Investing LLC lifted its stake in shares of Hexcel by 95.3% during the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock worth $126,000 after buying an additional 1,125 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Hexcel during the first quarter worth $281,000. State of Alaska Department of Revenue lifted its stake in shares of Hexcel by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company’s stock worth $520,000 after buying an additional 260 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Hexcel by 0.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company’s stock valued at $2,226,000 after purchasing an additional 354 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Hexcel by 10.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company’s stock valued at $285,000 after purchasing an additional 492 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup restated a “reduce” rating on shares of Hexcel in a research report on Thursday. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Truist Financial upped their price objective on shares of Hexcel from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. UBS Group upgraded shares of Hexcel from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $65.00 target price on shares of Hexcel in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus target price of $66.63.

Insider Buying and Selling at Hexcel

In other news, insider Gina Fitzsimons sold 911 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the sale, the insider owned 4,283 shares in the company, valued at approximately $278,395. This trade represents a 17.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the firm’s stock in a transaction dated 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 $3,276,528.88. This trade represents a 14.78% decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by company insiders.

Hexcel Price Performance

Hexcel stock opened at $70.85 on Friday. The firm has a market cap of $5.64 billion, a PE ratio of 83.36, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $74.35. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $63.14 and its two-hundred day moving average is $58.07.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.29%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, research analysts expect that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 3rd. Hexcel’s dividend payout ratio (DPR) is 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.