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

Key Points

• Hardman Johnston Global Advisors increased its stake in Hexcel Corporation by 29.3% in the second quarter, owning $17.04 million worth of shares.
• Hexcel reported earnings of $0.50 per share for the last quarter, exceeding estimates and setting its FY 2025 guidance between $1.850 and $2.050 EPS.
• Recent insider transactions included significant share sales, with one insider reducing their holdings by 14.78% and another by 17.54%.

Hardman Johnston Global Advisors LLC raised its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 29.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,645 shares of the aerospace company's stock after buying an additional 68,360 shares during the period. Hardman Johnston Global Advisors LLC owned 0.38% of Hexcel worth $17,040,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HXL. TimesSquare Capital Management LLC increased its holdings in shares of Hexcel by 416.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock valued at $63,877,000 after acquiring an additional 940,839 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $181,514,000 after buying an additional 812,026 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Hexcel by 10,767.3% in the first quarter. Jennison Associates LLC now owns 392,091 shares of the aerospace company's stock worth $21,471,000 after buying an additional 388,483 shares during the last quarter. Nuveen LLC bought a new position in Hexcel in the 1st quarter worth $13,929,000. Finally, Citigroup Inc. grew its position in shares of Hexcel by 214.3% in the first quarter. Citigroup Inc. now owns 359,067 shares of the aerospace company's stock valued at $19,663,000 after purchasing an additional 244,828 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Performance

NYSE:HXL opened at $64.04 on Friday. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The firm has a market capitalization 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 firm has a 50-day moving average price of $62.28 and a 200 day moving average price of $57.17. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The company's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Research analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

Insider Transactions at Hexcel

In related 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 sale, the insider owned 51,308 shares in the company, valued at $3,276,528.88. This trade represents a 14.78% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 transaction of $59,215.00. Following 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 position. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

Analysts Set New Price Targets

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.