Capital Fund Management S.A. Has $2.55 Million Stake in Hexcel Corporation $HXL

Capital Fund Management S.A. lessened its holdings in shares of Hexcel Corporation (NYSE:HXL) by 64.3% during the second quarter, HoldingsChannel.com reports. The firm owned 45,089 shares of the aerospace company’s stock after selling 81,384 shares during the quarter. Capital Fund Management S.A.’s holdings in Hexcel were worth $2,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Hexcel in the second quarter valued at approximately $26,000. NewSquare Capital LLC raised its holdings in Hexcel by 379.0% in the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 379 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Hexcel by 325.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 377 shares during the period. Park Place Capital Corp grew its holdings in shares of Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Hexcel in the second quarter worth $28,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HXL has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Royal Bank Of Canada upped their price target on shares of Hexcel from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Cowen reissued a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. 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. Finally, TD Cowen raised their target price on Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.33.

Insider Activity

In related news, 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 value 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. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lyndon John Smith sold 2,077 shares of Hexcel 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 sale, the insider owned 8,426 shares in the company, valued at approximately $615,266.52. This represents a 19.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.39% of the stock is currently owned by company insiders.

Hexcel Trading Up 0.1%

Shares of Hexcel stock opened at $75.37 on Thursday. The firm’s 50 day moving average is $68.44 and its 200 day moving average is $62.36. The firm has a market capitalization of $6.00 billion, a PE ratio of 88.67, a price-to-earnings-growth ratio of 2.57 and a beta of 1.06. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $76.63. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48.

Hexcel (NYSE:HXL) last issued its 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 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%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Equities research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

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. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. Hexcel’s dividend payout ratio is presently 80.00%.

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.