Hardman Johnston Global Advisors LLC Lowers Stake in Hexcel Corporation $HXL

Hardman Johnston Global Advisors LLC lessened its holdings in Hexcel Corporation (NYSE:HXL) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 275,897 shares of the aerospace company’s stock after selling 25,748 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Hexcel were worth $17,299,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HXL. Trust Co. of Toledo NA OH purchased a new position in Hexcel during the second quarter worth approximately $26,000. NewSquare Capital LLC raised its stake in shares of Hexcel by 379.0% during the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after buying an additional 379 shares during the period. Park Place Capital Corp lifted its position 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 valued at $28,000 after buying an additional 196 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Hexcel in the 2nd quarter valued at $28,000. Finally, Parkside Financial Bank & Trust increased its holdings in Hexcel by 325.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on HXL shares. TD Cowen lifted their target price on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Hexcel in a report on Tuesday, January 6th. Truist Financial boosted their price objective on Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Cowen restated a “hold” rating on shares of Hexcel in a research report on Friday, October 24th. Finally, UBS Group boosted their price target on Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.33.

Insider Buying and Selling

In other news, insider Lyndon John Smith sold 2,077 shares of Hexcel stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick Winterlich sold 3,413 shares of the company’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 represents a 7.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.03% of the stock is owned by company insiders.

Hexcel Stock Up 1.7%

Shares of NYSE:HXL opened at $80.72 on Monday. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $81.07. The stock has a market cap of $6.43 billion, a P/E ratio of 94.96, a PEG ratio of 2.09 and a beta of 1.08. The business has a fifty day moving average of $73.98 and a two-hundred day moving average of $66.51. 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 posted its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The company had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. Hexcel’s dividend payout ratio is 80.00%.

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.