Park Avenue Securities LLC Sells 573 Shares of Hexcel Corporation $HXL

Park Avenue Securities LLC cut its stake in Hexcel Corporation (NYSE:HXL) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,830 shares of the aerospace company’s stock after selling 573 shares during the period. Park Avenue Securities LLC’s holdings in Hexcel were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HXL. Geneos Wealth Management Inc. raised its stake in shares of Hexcel by 138.7% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 441 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Hexcel in the second quarter worth about $55,000. NBC Securities Inc. bought a new position in shares of Hexcel in the first quarter worth about $61,000. Brooklyn Investment Group grew its position in shares of Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock worth $64,000 after buying an additional 887 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after buying an additional 499 shares during the period. 95.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Hexcel

In related news, insider Gina Fitzsimons sold 911 shares of the stock in a transaction on 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 in the company, valued at approximately $278,395. This represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the 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 owned 51,308 shares of the company’s stock, valued at $3,276,528.88. The trade was a 14.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HXL shares. UBS Group upgraded shares of Hexcel from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Morgan Stanley lifted their price target 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. BMO Capital Markets lifted their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada reiterated 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. Finally, Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.00.

Hexcel Stock Up 3.9%

Hexcel stock opened at $63.43 on Monday. The stock has a market capitalization of $5.05 billion, a PE ratio of 58.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38. Hexcel Corporation has a twelve month low of $45.28 and a twelve month 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 company has a 50 day moving average of $62.15 and a 200-day moving average of $56.99.

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 the consensus estimate of $0.46 by $0.04. The company 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 business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. On average, equities research analysts anticipate 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. Investors of record on Friday, August 8th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel’s dividend payout ratio is presently 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.