Ingalls & Snyder LLC Sells 26,288 Shares of Hexcel Corporation $HXL

Ingalls & Snyder LLC cut its holdings in shares of Hexcel Corporation (NYSE:HXL) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,184 shares of the aerospace company’s stock after selling 26,288 shares during the period. Hexcel comprises approximately 0.7% of Ingalls & Snyder LLC’s holdings, making the stock its 28th largest holding. Ingalls & Snyder LLC’s holdings in Hexcel were worth $19,951,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D increased its stake in shares of Hexcel by 16.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 36,171 shares of the aerospace company’s stock valued at $2,043,000 after buying an additional 5,179 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Hexcel by 15.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,005 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 800 shares in the last quarter. Ethic Inc. bought a new position in shares of Hexcel in the second quarter worth about $377,000. DekaBank Deutsche Girozentrale lifted its position in shares of Hexcel by 297.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,168 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 2,371 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Hexcel during the second quarter valued at approximately $210,000. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Cowen reaffirmed a “hold” rating on shares of Hexcel in a report on Friday. Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. TD Cowen raised their price target on Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a report on Friday. Morgan Stanley boosted their price objective on Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Finally, Truist Financial raised their target price on shares of Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus price target of $72.00.

Hexcel Price Performance

Shares of HXL stock opened at $72.71 on Friday. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 85.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.33. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $74.35. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $63.35 and a 200-day moving average of $58.32.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The business had revenue of $456.20 million during the quarter, compared to analyst estimates of $449.99 million. During the same period in the previous year, the firm posted $0.47 earnings per share. 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, equities research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. Hexcel’s dividend payout ratio is 80.00%.

Insider Buying and Selling at Hexcel

In related news, insider Thierry Merlot sold 8,897 shares of the firm’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 sale, the insider directly owned 51,308 shares in the company, valued at $3,276,528.88. This trade represents a 14.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 stock was sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the transaction, the insider directly owned 4,283 shares of the company’s stock, valued at approximately $278,395. The trade was a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

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.