Fort Washington Investment Advisors Inc. OH Acquires 25,513 Shares of Hexcel Corporation $HXL

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Hexcel Corporation by 7.7%, acquiring an additional 25,513 shares, bringing its total holdings to 358,820 shares worth approximately $20.27 million.
• The company reported quarterly earnings of $0.50 per share, exceeding analyst expectations of $0.46, despite a 2.1% decline in revenue compared to the same quarter last year.
• Hexcel announced a quarterly dividend of $0.17 per share, reflecting an annualized yield of 1.1%, with a payout ratio of 62.96%.

Fort Washington Investment Advisors Inc. OH boosted its holdings in Hexcel Corporation (NYSE:HXL - Free Report) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 358,820 shares of the aerospace company's stock after purchasing an additional 25,513 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.45% of Hexcel worth $20,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Hexcel by 10.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company's stock valued at $285,000 after acquiring an additional 492 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hexcel by 0.5% during the first quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company's stock valued at $10,223,000 after purchasing an additional 937 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Hexcel by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company's stock worth $3,136,000 after purchasing an additional 14,002 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Hexcel by 2.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 817,388 shares of the aerospace company's stock valued at $44,760,000 after buying an additional 22,396 shares during the period. Finally, GAMMA Investing LLC grew 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.

Hexcel Price Performance

NYSE HXL opened at $63.43 on Monday. 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 company has a market cap of $5.05 billion, a PE ratio of 58.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The firm's 50-day simple moving average is $62.15 and its two-hundred day simple moving average is $56.99.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. During the same quarter 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. Research analysts predict 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. Shareholders of record on Friday, August 8th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel's payout ratio is 62.96%.

Insider Transactions at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 911 shares of the company's stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the transaction, the insider owned 51,308 shares in the company, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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