Hexcel Corporation $HXL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Hexcel Corporation (NYSE:HXL) by 47.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,075 shares of the aerospace company’s stock after selling 24,825 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Hexcel were worth $1,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HXL. Trust Co. of Toledo NA OH acquired a new stake in shares of Hexcel in the second quarter worth approximately $26,000. NewSquare Capital LLC raised its stake in Hexcel by 379.0% during the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 379 shares during the period. Park Place Capital Corp boosted its holdings in shares of Hexcel by 65.1% in 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. Hantz Financial Services Inc. purchased a new stake in shares of Hexcel during the 2nd quarter valued at $28,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Hexcel by 325.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insiders Place Their Bets

In other Hexcel news, insider Lyndon John Smith sold 2,077 shares of the company’s stock in a transaction that occurred on 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 directly owned 8,426 shares of the company’s stock, valued at $615,266.52. This represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total transaction of $250,309.42. Following the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,298 shares of company stock valued at $1,029,349 in the last three months. 1.39% of the stock is owned by insiders.

Hexcel Stock Up 2.4%

Shares of NYSE:HXL opened at $74.70 on Wednesday. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 87.88, a price-to-earnings-growth ratio of 2.36 and a beta of 1.35. The company has a 50 day moving average of $66.81 and a two-hundred day moving average of $61.51. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $75.12. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $449.99 million. During the same quarter last year, the company posted $0.47 earnings per share. Hexcel’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, analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Hexcel’s dividend payout ratio (DPR) is currently 80.00%.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of research reports. Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Truist Financial boosted their target price on Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $65.00 price target on shares of Hexcel in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price objective on shares of Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Hexcel has an average rating of “Hold” and an average target price of $73.33.

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.