OLD National Bancorp IN Invests $211,000 in Hexcel Corporation $HXL

OLD National Bancorp IN acquired a new position in Hexcel Corporation (NYSE:HXL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,734 shares of the aerospace company’s stock, valued at approximately $211,000.

Several other large investors have also recently added to or reduced their stakes in HXL. Park Place Capital Corp grew its position 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 buying an additional 196 shares during the last quarter. Beverly Hills Private Wealth LLC grew its position in shares of Hexcel by 4.0% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company’s stock valued at $291,000 after buying an additional 207 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of Hexcel by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company’s stock valued at $5,407,000 after buying an additional 255 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Hexcel by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company’s stock valued at $520,000 after buying an additional 260 shares during the last quarter. Finally, Aviso Financial Inc. grew its position in shares of Hexcel by 1.9% in the 1st quarter. Aviso Financial Inc. now owns 13,830 shares of the aerospace company’s stock valued at $757,000 after buying an additional 260 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Up 0.5%

HXL stock opened at $65.58 on Thursday. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05. The stock has a market capitalization of $5.22 billion, a PE ratio of 60.72, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The company has a fifty day moving average of $62.60 and a 200-day moving average of $57.40.

Hexcel (NYSE:HXL) last released its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million during the quarter, compared to analysts’ expectations of $482.20 million. During the same quarter last year, the business earned $0.60 EPS. The business’s revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, analysts expect that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 8th. Hexcel’s dividend payout ratio (DPR) is 62.96%.

Analyst Ratings Changes

A number of research firms recently commented on HXL. UBS Group raised shares of Hexcel from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Morgan Stanley increased their target price 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. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. BMO Capital Markets increased their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $65.00 price target on shares of Hexcel in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.56.

Insider Buying and Selling at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the transaction, the insider owned 51,308 shares in the company, valued at $3,276,528.88. This trade represents a 14.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the transaction, the insider owned 4,283 shares of the company’s stock, valued at $278,395. This represents a 17.54% decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by company insiders.

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.