Wealth Enhancement Advisory Services LLC Lowers Stake in Hexcel Corporation $HXL

Wealth Enhancement Advisory Services LLC lowered its position in shares of Hexcel Corporation (NYSE:HXL) by 23.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,143 shares of the aerospace company’s stock after selling 3,639 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hexcel were worth $696,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Hexcel by 1.7% in the second quarter. Harbor Capital Advisors Inc. now owns 26,478 shares of the aerospace company’s stock worth $1,496,000 after buying an additional 455 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hexcel by 38.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,252 shares of the aerospace company’s stock worth $184,000 after buying an additional 896 shares in the last quarter. Kopion Asset Management LLC lifted its holdings in shares of Hexcel by 17.7% in the second quarter. Kopion Asset Management LLC now owns 103,776 shares of the aerospace company’s stock worth $5,862,000 after buying an additional 15,597 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Hexcel by 206.9% in the first quarter. Voya Investment Management LLC now owns 109,190 shares of the aerospace company’s stock worth $5,979,000 after buying an additional 73,615 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings 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 buying an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Up 1.2%

HXL stock opened at $64.77 on Friday. The company has a market capitalization of $5.15 billion, a PE 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 firm’s 50-day moving average is $62.35 and its 200 day moving average is $57.22. 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 (NYSE:HXL) last posted its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million for the quarter, compared to the consensus estimate of $482.20 million. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue 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, research analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

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

Insider Activity

In other Hexcel news, 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $59,215.00. Following the transaction, the insider owned 4,283 shares in the company, 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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group raised shares of Hexcel from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $80.00 in a report on Tuesday, September 2nd. BMO Capital Markets boosted their target price on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. Morgan Stanley boosted their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 price target (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research note on Saturday, September 27th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel has an average 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.