Motley Fool Asset Management LLC Grows Position in Hexcel Corporation $HXL

Motley Fool Asset Management LLC lifted its stake in Hexcel Corporation (NYSE:HXL) by 15.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,826 shares of the aerospace company’s stock after buying an additional 5,642 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.05% of Hexcel worth $2,363,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in Hexcel in the second quarter worth $26,000. Park Place Capital Corp increased its position in Hexcel by 65.1% in the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Hexcel by 138.7% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 441 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in Hexcel in the second quarter worth $55,000. Finally, Brooklyn Investment Group increased its position in 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 purchasing an additional 887 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Transactions at Hexcel

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HXL shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $65.00 price target on shares of Hexcel in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective 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. Citigroup reiterated a “reduce” rating on shares of Hexcel in a research report on Thursday, October 23rd. TD Cowen boosted their price objective on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Finally, UBS Group boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average target price of $72.00.

Hexcel Trading Down 1.6%

NYSE HXL opened at $72.64 on Wednesday. The company’s 50-day moving average price is $63.83 and its 200-day moving average price is $58.64. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.78 billion, a PE ratio of 85.46, a PEG ratio of 2.49 and a beta of 1.33. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $74.35.

Hexcel (NYSE:HXL) last posted its quarterly earnings results 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 company had revenue of $456.20 million during the quarter, compared to the consensus estimate of $449.99 million. Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Equities research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be issued a $0.17 dividend. The ex-dividend date is Monday, November 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Hexcel’s dividend payout ratio is presently 80.00%.

Hexcel Company 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.