MassMutual Private Wealth & Trust FSB Grows Stock Holdings in Hexcel Corporation $HXL

MassMutual Private Wealth & Trust FSB raised its position in Hexcel Corporation (NYSE:HXL) by 38.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,252 shares of the aerospace company’s stock after purchasing an additional 896 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Hexcel were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Hexcel by 32.4% in the first 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 acquiring an additional 812,026 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Hexcel by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company’s stock worth $110,280,000 after purchasing an additional 17,512 shares during the period. American Century Companies Inc. lifted its stake in shares of Hexcel by 13.0% in the first quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company’s stock worth $74,153,000 after buying an additional 155,999 shares in the last quarter. Channing Capital Management LLC lifted its stake 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 buying an additional 44,743 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake 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 buying an additional 940,839 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of NYSE HXL opened at $62.58 on Friday. The firm has a market cap of $4.98 billion, a PE ratio of 57.95, a PEG ratio of 1.97 and a beta of 1.38. The firm has a fifty day moving average of $61.86 and a 200 day moving average of $56.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05.

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

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel’s dividend payout ratio is 62.96%.

Insider Transactions at Hexcel

In other news, 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 value of $59,215.00. Following the completion of the sale, the insider directly owned 4,283 shares in the company, valued at $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 is available at this link. Also, 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 transaction of $568,162.42. Following the completion of the sale, the insider owned 51,308 shares of the company’s stock, valued at $3,276,528.88. This trade 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 corporate insiders.

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective 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 raised shares of Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. BMO Capital Markets raised their target price on shares of Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. UBS Group upgraded shares of Hexcel from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $70.00 target price (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.00.

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.