Oppenheimer Asset Management Inc. Cuts Stock Position in Hexcel Corporation $HXL

Oppenheimer Asset Management Inc. lessened its stake in shares of Hexcel Corporation (NYSE:HXL) by 29.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,620 shares of the aerospace company’s stock after selling 12,039 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Hexcel were worth $1,617,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH bought a new position in shares of Hexcel during the second quarter valued at $26,000. Park Place Capital Corp grew its position in Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. increased its stake 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 in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Hexcel in the second quarter worth about $55,000. Finally, Brooklyn Investment Group lifted its stake in shares of Hexcel by 320.2% in the first quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock worth $64,000 after buying an additional 887 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hexcel in a research report on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Hexcel in a report on Friday, October 24th. Truist Financial boosted their price target on Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Royal Bank Of Canada increased their price objective on Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Zacks Research upgraded Hexcel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.33.

Hexcel Stock Down 3.0%

Hexcel stock opened at $70.86 on Friday. Hexcel Corporation has a one year low of $45.28 and a one year high of $74.35. The stock has a fifty day moving average of $64.24 and a 200 day moving average of $58.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75. The stock has a market cap of $5.64 billion, a PE ratio of 83.36, a price-to-earnings-growth ratio of 2.36 and a beta of 1.33.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The firm had revenue of $456.20 million for the quarter, compared to the consensus estimate of $449.99 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, sell-side analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 3rd. Hexcel’s payout ratio is 80.00%.

Insider Buying and Selling at Hexcel

In other news, EVP Patrick Winterlich sold 3,413 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $73.34, for a total transaction of $250,309.42. Following the completion of the sale, the executive vice president owned 40,357 shares of the company’s stock, valued at $2,959,782.38. The trade was a 7.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thierry Merlot sold 8,897 shares of the company’s stock in a transaction 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 $3,276,528.88. This trade represents a 14.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,298 shares of company stock valued at $1,029,349 in the last ninety days. Corporate insiders own 1.39% of the company’s stock.

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.