Hexcel Corporation $HXL Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its stake in shares of Hexcel Corporation (NYSE:HXL) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 993,052 shares of the aerospace company’s stock after selling 45,631 shares during the period. Hexcel comprises about 1.3% of Copeland Capital Management LLC’s holdings, making the stock its 24th biggest position. Copeland Capital Management LLC owned about 1.25% of Hexcel worth $62,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HXL. State Street Corp raised its holdings in Hexcel by 4.3% during the second 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 during the last quarter. American Century Companies Inc. raised its stake in shares of 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 during the last quarter. Brandes Investment Partners LP boosted its position in shares of Hexcel by 49.1% in the 2nd 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 grew its stake in 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. grew its stake in Hexcel by 1,918.9% in 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 during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Transactions at Hexcel

In other news, insider Lyndon John Smith sold 2,077 shares of the business’s stock in a transaction dated 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 sale, the insider owned 8,426 shares in the company, valued at approximately $615,266.52. The trade was a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick Winterlich sold 3,413 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 40,357 shares in the company, valued at $2,959,782.38. The trade was a 7.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.03% of the stock is currently owned by insiders.

Hexcel Price Performance

HXL opened at $75.41 on Tuesday. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $79.20. The company’s 50 day simple moving average is $72.76 and its 200 day simple moving average is $65.09. The stock has a market capitalization of $6.00 billion, a PE ratio of 88.72, a P/E/G ratio of 2.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75.

Hexcel (NYSE:HXL) last posted its quarterly earnings results 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). The company had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, sell-side analysts expect that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were issued a $0.17 dividend. The ex-dividend date 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 (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HXL. Morgan Stanley set a $67.00 target price on shares of Hexcel and gave the stock an “underweight” rating in a research report on Wednesday, October 29th. BMO Capital Markets lifted their price objective on Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Truist Financial raised their price target on Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $65.00 price objective on shares of Hexcel in a research report on Wednesday, October 8th. Finally, Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.