Hexcel Corporation $HXL Holdings Boosted by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. increased its position in Hexcel Corporation (NYSE:HXL) by 16.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 333,471 shares of the aerospace company’s stock after purchasing an additional 47,657 shares during the period. Hexcel accounts for about 3.8% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 3rd biggest holding. Speece Thorson Capital Group Inc. owned 0.42% of Hexcel worth $18,838,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Hexcel by 32.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock valued at $181,514,000 after buying an additional 812,026 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Hexcel by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company’s stock valued at $110,280,000 after acquiring an additional 17,512 shares during the period. American Century Companies Inc. increased its holdings in shares of Hexcel by 13.0% in the 1st quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company’s stock valued at $74,153,000 after acquiring an additional 155,999 shares during the period. Channing Capital Management LLC raised its position in Hexcel by 4.0% in the 1st quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company’s stock valued at $64,257,000 after purchasing an additional 44,743 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its position in Hexcel by 416.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company’s stock worth $63,877,000 after purchasing an additional 940,839 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen upped their target price on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a report on Friday, October 24th. UBS Group upped their price objective on Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Morgan Stanley set a $67.00 price objective on Hexcel and gave the stock an “underweight” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Finally, Cowen restated a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and an average price target of $73.33.

Insider Activity at Hexcel

In other news, insider Gina Fitzsimons sold 911 shares of Hexcel stock in a transaction that occurred 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 approximately $278,395. This trade represents a 17.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total value of $250,309.42. Following the completion of the sale, the executive vice president owned 40,357 shares in the company, valued at approximately $2,959,782.38. This represents a 7.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,298 shares of company stock worth $1,029,349 in the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Hexcel Stock Performance

Shares of HXL stock opened at $71.37 on Monday. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $64.40 and a 200-day simple moving average of $59.10. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 83.97, a price-to-earnings-growth ratio of 2.36 and a beta of 1.33. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $74.35.

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

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be paid a $0.17 dividend. The ex-dividend date is Monday, November 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Hexcel’s dividend payout ratio (DPR) is 80.00%.

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.