Connor Clark & Lunn Investment Management Ltd. Sells 60,301 Shares of Hexcel Corporation $HXL

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Hexcel Corporation (NYSE:HXL) by 92.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,916 shares of the aerospace company’s stock after selling 60,301 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hexcel were worth $278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Hexcel during the 2nd quarter valued at about $26,000. NewSquare Capital LLC lifted its stake in Hexcel by 379.0% in the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock valued at $27,000 after buying an additional 379 shares during the period. Park Place Capital Corp boosted its holdings in shares of Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after buying an additional 196 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Hexcel during the 2nd quarter worth approximately $28,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Hexcel by 325.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after buying an additional 377 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. UBS Group upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a report on Friday, October 24th. Citigroup reissued a “reduce” rating on shares of Hexcel in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $65.00 target price on shares of Hexcel in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.33.

Insider Activity

In other Hexcel news, insider Lyndon John Smith sold 2,077 shares of Hexcel stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $73.02, for a total transaction of $151,662.54. Following the transaction, the insider owned 8,426 shares of the company’s stock, valued at $615,266.52. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thierry Merlot sold 8,897 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were 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 of the company’s stock, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 15,298 shares of company stock worth $1,029,349. Corporate insiders own 2.03% of the company’s stock.

Hexcel Trading Down 1.2%

Shares of Hexcel stock opened at $70.37 on Friday. The company has a market capitalization of $5.60 billion, a P/E ratio of 82.79, a price-to-earnings-growth ratio of 2.36 and a beta of 1.35. The stock has a fifty day simple moving average of $66.14 and a 200 day simple moving average of $60.90. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $74.35. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The company had revenue of $456.20 million for the quarter, compared to the consensus estimate of $449.99 million. During the same quarter last year, the business posted $0.47 earnings per share. Hexcel’s revenue was down .2% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, November 3rd. Hexcel’s dividend payout ratio is presently 80.00%.

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.