Hexcel Corporation $HXL Holdings Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Hexcel Corporation (NYSE:HXL) by 12.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 403,881 shares of the aerospace company’s stock after purchasing an additional 45,061 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Hexcel were worth $25,323,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Trexquant Investment LP raised its holdings in shares of Hexcel by 314.3% during the first quarter. Trexquant Investment LP now owns 52,577 shares of the aerospace company’s stock worth $2,879,000 after acquiring an additional 39,886 shares in the last quarter. Magnetar Financial LLC acquired a new position in Hexcel in the 1st quarter worth about $434,000. Royal Bank of Canada raised its stake in shares of Hexcel by 12.6% during the 1st quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company’s stock worth $6,544,000 after purchasing an additional 13,374 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Hexcel during the 1st quarter valued at about $7,676,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Hexcel in the 1st quarter valued at approximately $327,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HXL shares. Royal Bank Of Canada raised their price objective on shares of Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Truist Financial raised their price target on shares of Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a report on Friday, October 24th. TD Cowen lifted their price objective on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Hexcel in a research report on Wednesday, October 8th. Finally, Cowen restated a “hold” rating on shares of Hexcel in a report on Friday, October 24th. Three 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.33.

Hexcel Stock Performance

Shares of HXL opened at $74.90 on Wednesday. The company has a market capitalization of $5.96 billion, a PE ratio of 88.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. Hexcel Corporation has a one year low of $45.28 and a one year high of $79.20. The company’s fifty day moving average price is $72.97 and its 200 day moving average price is $65.24.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business 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 company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current 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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. Hexcel’s payout ratio is currently 80.00%.

Insider Buying and Selling

In related news, insider Lyndon John Smith sold 2,077 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $73.02, for a total transaction of $151,662.54. Following the transaction, the insider owned 8,426 shares of the company’s stock, valued at approximately $615,266.52. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 40,357 shares of the company’s stock, valued at approximately $2,959,782.38. The trade was a 7.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.03% of the stock is owned by insiders.

Hexcel Company 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.