Hardman Johnston Global Advisors LLC Has $17.04 Million Stock Holdings in Hexcel Corporation $HXL

Hardman Johnston Global Advisors LLC boosted its stake in shares of Hexcel Corporation (NYSE:HXL) by 29.3% during the second quarter, Holdings Channel reports. The fund owned 301,645 shares of the aerospace company’s stock after acquiring an additional 68,360 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Hexcel were worth $17,040,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HXL. NBC Securities Inc. acquired a new position in shares of Hexcel during the first quarter worth approximately $61,000. UMB Bank n.a. raised its position in Hexcel by 3.6% in the 1st quarter. UMB Bank n.a. now owns 15,292 shares of the aerospace company’s stock worth $837,000 after purchasing an additional 526 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Hexcel by 71.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after buying an additional 499 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Hexcel by 4.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 26,023 shares of the aerospace company’s stock valued at $1,425,000 after buying an additional 1,023 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after buying an additional 1,125 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of HXL stock opened at $64.04 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. The stock has a market cap of $5.09 billion, a PE ratio of 59.29, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. The stock has a 50-day moving average of $62.28 and a 200-day moving average of $57.17. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $489.90 million during the quarter, compared to analysts’ expectations of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side 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 Friday, August 15th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel’s dividend payout ratio (DPR) is currently 62.96%.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Thierry Merlot sold 8,897 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the sale, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the sale, the insider owned 4,283 shares of the company’s stock, valued at $278,395. This trade represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the topic of several recent research reports. Zacks Research upgraded Hexcel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Morgan Stanley upped their target price on shares of Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, July 17th. BMO Capital Markets upped their target price on shares of Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. UBS Group raised shares of Hexcel from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.00.

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.