Capital Fund Management S.A. Sells 81,384 Shares of Hexcel Corporation $HXL

Capital Fund Management S.A. reduced its holdings in shares of Hexcel Corporation (NYSE:HXL) by 64.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,089 shares of the aerospace company’s stock after selling 81,384 shares during the quarter. Capital Fund Management S.A. owned approximately 0.06% of Hexcel worth $2,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings 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 during the last quarter. American Century Companies Inc. lifted its position in Hexcel by 103.8% during the 2nd quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock worth $155,894,000 after buying an additional 1,405,538 shares in the last quarter. Channing Capital Management LLC boosted its stake in shares of Hexcel by 4.0% during the 1st quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company’s stock worth $64,257,000 after buying an additional 44,743 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Hexcel by 1.8% in the 1st quarter. Northern Trust Corp now owns 1,050,031 shares of the aerospace company’s stock valued at $57,500,000 after acquiring an additional 19,004 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Hexcel in the 2nd quarter valued at about $48,694,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total value of $250,309.42. Following the transaction, the executive vice president owned 40,357 shares of the company’s stock, valued at approximately $2,959,782.38. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lyndon John Smith sold 2,077 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total value of $151,662.54. Following the transaction, the insider owned 8,426 shares in the company, valued at approximately $615,266.52. This trade represents a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.39% of the company’s stock.

Hexcel Trading Up 0.1%

Shares of Hexcel stock opened at $75.37 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. The business has a fifty day simple moving average of $68.44 and a two-hundred day simple moving average of $62.36. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $76.63. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 88.67, a P/E/G ratio of 2.57 and a beta of 1.06.

Hexcel (NYSE:HXL) last released 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). The company had revenue of $456.20 million during the quarter, compared to analyst estimates of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.25%. Hexcel’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on HXL shares. Royal Bank Of Canada increased their price target on Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Truist Financial increased their price objective on Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a report on Friday, October 24th. Citigroup restated a “reduce” rating on shares of Hexcel in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $67.00 price objective on shares of Hexcel and gave the company an “underweight” rating in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.33.

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.