Hexcel Corporation $HXL Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Hexcel Corporation (NYSE:HXL) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,076 shares of the aerospace company’s stock after selling 229 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hexcel were worth $1,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Hexcel by 138.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 441 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Hexcel during the 2nd quarter valued at about $55,000. NBC Securities Inc. purchased a new stake in shares of Hexcel during the 1st quarter valued at about $61,000. Brooklyn Investment Group raised its holdings 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 valued at $64,000 after buying an additional 887 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings 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 valued at $66,000 after buying an additional 499 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group upgraded Hexcel from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $80.00 in a report on Tuesday, September 2nd. Zacks Research upgraded Hexcel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. BMO Capital Markets raised their target price on Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. 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 report on Monday, July 28th. Finally, Morgan Stanley lifted their price objective on Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus price target of $65.00.

Hexcel Stock Performance

HXL stock opened at $64.77 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The firm has a market cap of $5.15 billion, a P/E ratio of 59.97, a P/E/G ratio of 2.03 and a beta of 1.33. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The stock’s 50 day simple moving average is $62.35 and its 200 day simple moving average is $57.22.

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

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 8th. Hexcel’s dividend payout ratio is presently 62.96%.

Insiders Place Their Bets

In related news, insider Thierry Merlot sold 8,897 shares of the company’s 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 completion of the transaction, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. This represents a 14.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the company’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 owned 4,283 shares of the company’s stock, valued at approximately $278,395. The trade was a 17.54% 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.

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.