Jackson Square Partners LLC Sells 227,054 Shares of Hexcel Corporation $HXL

Jackson Square Partners LLC lowered its stake in Hexcel Corporation (NYSE:HXL) by 75.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,094 shares of the aerospace company’s stock after selling 227,054 shares during the period. Hexcel makes up approximately 1.6% of Jackson Square Partners LLC’s holdings, making the stock its 21st biggest position. Jackson Square Partners LLC’s holdings in Hexcel were worth $4,242,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in Hexcel by 325.0% during the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 377 shares during the period. First Horizon Advisors Inc. raised its position in shares of Hexcel by 44.1% in the second quarter. First Horizon Advisors Inc. now owns 1,575 shares of the aerospace company’s stock valued at $89,000 after purchasing an additional 482 shares during the period. NewSquare Capital LLC lifted its stake in shares of Hexcel by 379.0% in the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after buying an additional 379 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its holdings in shares of Hexcel by 16.7% during the 2nd quarter. Speece Thorson Capital Group Inc. now owns 333,471 shares of the aerospace company’s stock worth $18,838,000 after buying an additional 47,657 shares during the period. Finally, Bank of Montreal Can raised its holdings in Hexcel by 23.8% in the 2nd quarter. Bank of Montreal Can now owns 77,791 shares of the aerospace company’s stock worth $4,394,000 after acquiring an additional 14,957 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Down 0.0%

Shares of NYSE HXL opened at $69.10 on Friday. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $74.35. The firm’s 50-day simple moving average is $65.06 and its 200 day simple moving average is $59.64. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 81.29, a price-to-earnings-growth ratio of 2.36 and a beta of 1.35.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The company had revenue of $456.20 million during the quarter, compared to the consensus estimate of $449.99 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The company’s revenue was down .2% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Hexcel Announces Dividend

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

Insider Transactions at Hexcel

In related news, insider Lyndon John Smith sold 2,077 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $73.02, for a total value of $151,662.54. Following the transaction, the insider owned 8,426 shares in the company, valued at $615,266.52. This trade represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of Hexcel stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total value 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 approximately $2,959,782.38. The trade was a 7.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,298 shares of company stock valued at $1,029,349 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on HXL. BMO Capital Markets increased their price target on shares of Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Citigroup reissued a “reduce” rating on shares of Hexcel in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $65.00 target price on shares of Hexcel in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on shares of Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, Truist Financial upped their price objective on Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.33.

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.