AXQ Capital LP Acquires 8,269 Shares of Hexcel Corporation $HXL

AXQ Capital LP increased its stake in Hexcel Corporation (NYSE:HXL) by 101.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 16,446 shares of the aerospace company’s stock after buying an additional 8,269 shares during the quarter. AXQ Capital LP’s holdings in Hexcel were worth $929,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HXL. Trust Co. of Toledo NA OH purchased a new stake in Hexcel during the second quarter worth about $26,000. NewSquare Capital LLC increased its stake in shares of Hexcel by 379.0% during the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 379 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Hexcel by 65.1% in the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares during the period. Hantz Financial Services Inc. purchased a new position in Hexcel in the second quarter valued at approximately $28,000. Finally, Parkside Financial Bank & Trust lifted its stake in Hexcel by 325.0% in the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup restated a “reduce” rating on shares of Hexcel in a research note on Thursday, October 23rd. Cowen reissued a “hold” rating on shares of Hexcel in a report on Friday, October 24th. 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. Royal Bank Of Canada increased their target price on shares of Hexcel from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $65.00 price target on shares of Hexcel in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Hexcel has an average rating of “Hold” and a consensus price target of $73.33.

Hexcel Trading Up 2.8%

Shares of HXL opened at $72.52 on Friday. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $74.35. The stock has a market cap of $5.77 billion, a PE ratio of 85.32, a P/E/G ratio of 2.36 and a beta of 1.35. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $66.35 and its 200-day moving average price is $61.05.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 EPS 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 firm had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. During the same period in the prior year, the firm posted $0.47 EPS. 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, equities analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. Hexcel’s dividend payout ratio (DPR) is 80.00%.

Insiders Place Their Bets

In related news, insider Thierry Merlot sold 8,897 shares of the business’s 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 completion of the transaction, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total value of $250,309.42. Following the completion of the transaction, the executive vice president owned 40,357 shares in the company, valued at $2,959,782.38. This represents a 7.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,298 shares of company stock worth $1,029,349 over the last three months. Corporate insiders own 1.39% of the company’s stock.

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.