Nomura Holdings Inc. Takes Position in Hexcel Corporation $HXL

Nomura Holdings Inc. bought a new position in Hexcel Corporation (NYSE:HXL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,500 shares of the aerospace company’s stock, valued at approximately $3,418,000. Nomura Holdings Inc. owned about 0.08% of Hexcel at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nuveen LLC purchased a new position in shares of Hexcel during the first quarter valued at approximately $13,929,000. Russell Investments Group Ltd. increased its position in Hexcel by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company’s stock valued at $3,136,000 after purchasing an additional 14,002 shares during the period. American Century Companies Inc. raised its holdings in Hexcel by 13.0% in the 1st 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. Algert Global LLC purchased a new stake in shares of Hexcel in the 1st quarter worth about $1,161,000. Finally, Brooklyn Investment Group boosted its stake in shares of Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock valued at $64,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Transactions at Hexcel

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

Hexcel Stock Performance

Shares of NYSE HXL opened at $73.64 on Tuesday. The firm’s 50-day moving average price is $70.39 and its 200-day moving average price is $63.73. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $79.20. The company has a market cap of $5.86 billion, a PE ratio of 86.64, a PEG ratio of 2.54 and a beta of 1.06. The company has a quick ratio of 1.50, a current ratio of 2.75 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 analysts’ consensus estimates 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 company earned $0.47 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Hexcel’s dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on HXL. Morgan Stanley set a $67.00 price target on shares of Hexcel and gave the stock an “underweight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada raised their target price on Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Truist Financial upped their price target on Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, UBS Group increased their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Three equities research 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. According to data from MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus target price of $73.33.

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.