3,999 Shares in Hexcel Corporation $HXL Acquired by Ballentine Partners LLC

Ballentine Partners LLC purchased a new position in Hexcel Corporation (NYSE:HXL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,999 shares of the aerospace company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of 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 buying an additional 812,026 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Hexcel by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company’s stock worth $110,280,000 after buying an additional 17,512 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Hexcel by 13.0% in the 1st 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 during the last quarter. Channing Capital Management LLC boosted its stake in Hexcel by 4.0% during the 1st quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company’s stock valued at $64,257,000 after purchasing an additional 44,743 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in Hexcel by 416.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company’s stock valued at $63,877,000 after purchasing an additional 940,839 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

NYSE HXL opened at $61.73 on Tuesday. The business’s fifty day moving average price is $62.18 and its 200-day moving average price is $57.03. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 57.16, a PEG ratio of 2.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05.

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

Hexcel Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on HXL shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. BMO Capital Markets increased their target price on 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 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 note on Tuesday, September 2nd. Zacks Research upgraded Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Morgan Stanley increased their target price on Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $65.00.

Insiders Place Their Bets

In related news, insider Gina Fitzsimons sold 911 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the transaction, the insider directly owned 4,283 shares of the company’s stock, valued at approximately $278,395. This trade represents a 17.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thierry Merlot sold 8,897 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the transaction, the insider directly owned 51,308 shares in the company, valued at approximately $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. 2.03% 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.