Amundi Sells 49,706 Shares of Hexcel Corporation $HXL

Amundi lessened its stake in shares of Hexcel Corporation (NYSE:HXL) by 35.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,354 shares of the aerospace company’s stock after selling 49,706 shares during the period. Amundi owned 0.11% of Hexcel worth $4,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HXL. Price T Rowe Associates Inc. MD grew 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 worth $181,514,000 after acquiring an additional 812,026 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hexcel by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company’s stock valued at $110,280,000 after purchasing an additional 17,512 shares during the period. American Century Companies Inc. lifted its position in Hexcel by 13.0% during the first quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company’s stock valued at $74,153,000 after purchasing an additional 155,999 shares during the period. Channing Capital Management LLC raised its position in shares of Hexcel by 4.0% in the first quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company’s stock worth $64,257,000 after acquiring an additional 44,743 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in shares of Hexcel by 416.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company’s stock worth $63,877,000 after acquiring an additional 940,839 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hexcel

In other Hexcel 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 transaction of $59,215.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

Analysts Set New Price Targets

HXL has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 price target (up previously from $65.00) on shares of Hexcel in a research report on Monday, July 28th. 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 boosted their price target on shares of Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. Morgan Stanley upped their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Finally, UBS Group raised shares of Hexcel from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.00.

Hexcel Trading Down 1.6%

NYSE:HXL opened at $61.88 on Thursday. The stock has a fifty day simple moving average of $61.35 and a 200 day simple moving average of $56.82. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 57.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38.

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

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel’s payout ratio is currently 62.96%.

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.