Hexcel Corporation $HXL Stock Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Hexcel Corporation (NYSE:HXL) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 699,291 shares of the aerospace company’s stock after selling 44,876 shares during the period. Bank of New York Mellon Corp owned 0.88% of Hexcel worth $39,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. grew its stake in Hexcel by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company’s stock valued at $3,136,000 after acquiring an additional 14,002 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Hexcel by 32.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock valued at $181,514,000 after buying an additional 812,026 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Hexcel by 16.7% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 36,171 shares of the aerospace company’s stock valued at $2,043,000 after buying an additional 5,179 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hexcel in the 1st quarter worth approximately $2,842,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.1%

Shares of HXL stock opened at $68.73 on Thursday. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $74.35. The company has a market cap of $5.47 billion, a PE ratio of 80.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.35. 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 business’s 50 day moving average is $65.33 and its two-hundred day moving average is $60.10.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $456.20 million for 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%.Hexcel’s quarterly revenue 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. Equities analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $65.00 price target on shares of Hexcel in a report on Wednesday, October 8th. UBS Group boosted their target price on Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Royal Bank Of Canada raised their price target on Hexcel from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. BMO Capital Markets boosted their price target on Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. Finally, Cowen restated a “hold” rating on shares of Hexcel in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.33.

Insiders Place Their Bets

In other news, insider Gina Fitzsimons sold 911 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the sale, the insider directly owned 4,283 shares of the company’s stock, valued at approximately $278,395. This represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the transaction, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. This trade represents a 14.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,298 shares of company stock worth $1,029,349. 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.