Chelsea Counsel Co. Lowers Stake in Hexcel Corporation $HXL

Chelsea Counsel Co. reduced its holdings in shares of Hexcel Corporation (NYSE:HXL) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 32,360 shares of the aerospace company’s stock after selling 400 shares during the period. Chelsea Counsel Co.’s holdings in Hexcel were worth $1,828,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp lifted its stake in shares of Hexcel by 65.1% in the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 196 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Hexcel by 138.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 441 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Hexcel in the 2nd quarter worth $55,000. NBC Securities Inc. acquired a new stake in shares of Hexcel in the 1st quarter worth $61,000. Finally, Brooklyn Investment Group lifted its stake in shares of Hexcel by 320.2% in the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock worth $64,000 after acquiring an additional 887 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on HXL shares. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. UBS Group upgraded shares of Hexcel from a “neutral” rating to a “buy” rating and raised their price objective for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Morgan Stanley raised their price objective on shares of Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets raised their price objective on shares of Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average target price of $65.00.

Insiders Place Their Bets

In other news, insider Thierry Merlot sold 8,897 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the transaction, the insider directly owned 51,308 shares of the company’s stock, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the sale, the insider directly owned 4,283 shares in the company, valued at $278,395. This represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.03% of the company’s stock.

Hexcel Stock Performance

NYSE:HXL opened at $62.71 on Wednesday. The company has a market capitalization of $4.99 billion, a P/E ratio of 58.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $62.22 and a two-hundred day moving average price of $57.07.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel’s payout ratio is 62.96%.

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.