Commonwealth Equity Services LLC Has $7.95 Million Stock Position in Hexcel Corporation $HXL

Commonwealth Equity Services LLC raised its holdings in shares of Hexcel Corporation (NYSE:HXL) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,794 shares of the aerospace company’s stock after purchasing an additional 8,661 shares during the period. Commonwealth Equity Services LLC owned 0.16% of Hexcel worth $7,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its stake in Hexcel by 16.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 36,171 shares of the aerospace company’s stock valued at $2,043,000 after acquiring an additional 5,179 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Hexcel by 1.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 541,899 shares of the aerospace company’s stock valued at $30,834,000 after purchasing an additional 6,167 shares during the period. AXQ Capital LP boosted its position in shares of Hexcel by 101.1% in the 2nd quarter. AXQ Capital LP now owns 16,446 shares of the aerospace company’s stock worth $929,000 after purchasing an additional 8,269 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Hexcel during the second quarter worth $3,418,000. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Hexcel by 12.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 403,881 shares of the aerospace company’s stock valued at $25,323,000 after purchasing an additional 45,061 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HXL. TD Cowen boosted their target price on Hexcel from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Jefferies Financial Group reissued a “hold” rating on shares of Hexcel in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $65.00 target price on shares of Hexcel in a report on Wednesday, October 8th. Morgan Stanley set a $67.00 price target on shares of Hexcel and gave the stock an “underweight” rating in a research report on Wednesday, October 29th. Finally, Truist Financial upped their price objective 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. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average target price of $73.33.

Hexcel Stock Up 0.5%

NYSE:HXL opened at $82.52 on Wednesday. The stock has a 50-day simple moving average of $74.43 and a 200 day simple moving average of $66.87. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $83.73. The company has a market cap of $6.57 billion, a PE ratio of 97.08, a PEG ratio of 2.14 and a beta of 1.08. 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 released 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). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The firm had revenue of $456.20 million for the quarter, compared to analyst estimates of $449.99 million. During the same period last year, the company earned $0.47 EPS. The company’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 expect that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, November 3rd. This represents a $0.68 annualized dividend and a yield of 0.8%. Hexcel’s payout ratio is 80.00%.

Insider Transactions at Hexcel

In other news, EVP Patrick Winterlich sold 3,413 shares of the 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 transaction, the executive vice president directly owned 40,357 shares in the company, valued at $2,959,782.38. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lyndon John Smith sold 2,077 shares of Hexcel stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $73.02, for a total value of $151,662.54. Following the completion of the sale, the insider directly owned 8,426 shares in the company, valued at approximately $615,266.52. This represents a 19.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.03% of the company’s stock.

About Hexcel

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.