Blue Trust Inc. Purchases 281 Shares of Hexcel Corporation $HXL

Blue Trust Inc. lifted its position in shares of Hexcel Corporation (NYSE:HXL) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,057 shares of the aerospace company’s stock after acquiring an additional 281 shares during the quarter. Blue Trust Inc.’s holdings in Hexcel were worth $399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp increased its position in Hexcel by 65.1% in the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after buying an additional 441 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Hexcel during the 2nd quarter worth approximately $55,000. Brooklyn Investment Group grew its position in shares of Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock worth $64,000 after buying an additional 887 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after acquiring an additional 499 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley lifted their price objective on Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, July 17th. BMO Capital Markets boosted their target price on Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $65.00 target price on shares of Hexcel in a research report on Wednesday, October 8th. Finally, UBS Group upgraded shares of Hexcel from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $80.00 in a report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.63.

Hexcel Trading Up 0.6%

NYSE:HXL opened at $62.44 on Tuesday. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $62.78 and a two-hundred day moving average price of $57.50. The company has a market cap of $4.97 billion, a P/E ratio of 57.82, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33.

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

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid 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 was Friday, August 8th. Hexcel’s dividend payout ratio is currently 62.96%.

Insider Transactions at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the completion of the transaction, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. This represents a 14.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the transaction, the insider directly 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. Corporate insiders own 2.03% of the company’s stock.

Hexcel 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.