Ethic Inc. Makes New $377,000 Investment in Hexcel Corporation $HXL

Ethic Inc. purchased a new position in shares of Hexcel Corporation (NYSE:HXL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,625 shares of the aerospace company’s stock, valued at approximately $377,000.

A number of other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Hexcel by 32.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock worth $181,514,000 after purchasing an additional 812,026 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Hexcel by 0.9% during 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 in the last quarter. American Century Companies Inc. lifted its stake in Hexcel by 13.0% during the first quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company’s stock worth $74,153,000 after purchasing an additional 155,999 shares in the last quarter. Channing Capital Management LLC raised 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 valued at $64,257,000 after acquiring an additional 44,743 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised 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 valued at $63,877,000 after acquiring an additional 940,839 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

NYSE:HXL opened at $72.96 on Thursday. The firm has a market capitalization of $5.81 billion, a PE ratio of 85.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.33. The business’s fifty day moving average price is $64.07 and its 200 day moving average price is $58.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $74.35.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, sell-side analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. Hexcel’s dividend payout ratio is 80.00%.

Insiders Place Their Bets

In other news, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the sale, the insider owned 51,308 shares in the company, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gina Fitzsimons sold 911 shares of Hexcel stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the sale, the insider owned 4,283 shares in the company, valued at $278,395. This trade represents a 17.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,885 shares of company stock valued at $779,040. 1.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on HXL shares. Truist Financial increased their price objective on Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, October 24th. TD Cowen increased their price objective on Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, October 24th. UBS Group increased their price objective on Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Cowen reiterated a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. Finally, Morgan Stanley set a $67.00 price objective on Hexcel and gave the company an “underweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.33.

About Hexcel

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.