Corient Private Wealth LLC Sells 18,958 Shares of Hexcel Corporation $HXL

Corient Private Wealth LLC cut its holdings in Hexcel Corporation (NYSE:HXL) by 40.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,335 shares of the aerospace company’s stock after selling 18,958 shares during the quarter. Corient Private Wealth LLC’s holdings in Hexcel were worth $1,601,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Hexcel by 4.3% during the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock worth $264,990,000 after purchasing an additional 191,649 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Hexcel by 103.8% during the second 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 during the last quarter. Brandes Investment Partners LP increased its holdings in shares of Hexcel by 49.1% during the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock worth $137,850,000 after buying an additional 803,123 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Hexcel by 5.9% in the 2nd quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company’s stock valued at $129,002,000 after acquiring an additional 126,338 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Hexcel by 1,918.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company’s stock valued at $123,050,000 after acquiring an additional 2,070,366 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Activity

In related news, insider Lyndon John Smith sold 2,077 shares of the company’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 transaction, the insider directly owned 8,426 shares of the company’s stock, valued at approximately $615,266.52. This represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of the 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 completion of the transaction, the executive vice president owned 40,357 shares in the company, valued at approximately $2,959,782.38. The trade was a 7.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.39% of the stock is currently owned by corporate insiders.

Hexcel Trading Down 0.1%

HXL opened at $76.41 on Thursday. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $79.20. The company has a fifty day moving average of $71.93 and a 200-day moving average of $64.62. The stock has a market cap of $6.08 billion, a PE ratio of 89.90, a price-to-earnings-growth ratio of 2.66 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 results on Wednesday, October 22nd. The aerospace company reported $0.37 EPS 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 firm had revenue of $456.20 million for the quarter, compared to the consensus estimate of $449.99 million. During the same period last year, the company posted $0.47 EPS. The business’s revenue was down .2% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, sell-side analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $0.17 per share. 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 payout ratio is presently 80.00%.

Analyst Ratings Changes

Several equities analysts have commented on HXL shares. Cowen reiterated a “hold” rating on shares of Hexcel in a research report on Friday, October 24th. TD Cowen raised their price objective on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a report on Friday, October 24th. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Truist Financial upped their price target on shares of Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, BMO Capital Markets lifted their price target on shares of Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.33.

Hexcel Profile

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.