Hexcel Corporation $HXL Shares Bought by ORG Partners LLC

Key Points

• ORG Partners LLC significantly increased its holdings in Hexcel Corporation by 1,203.5% during the 2nd quarter, now owning 4,497 shares valued at approximately $259,000.
• Hexcel announced a quarterly dividend of $0.17, representing an annualized yield of 1.1%, with a payout ratio of 62.96%.
• The stock of Hexcel Corporation is currently rated as a "Hold" by analysts, with a consensus target price of $65.00.

ORG Partners LLC boosted its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 1,203.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,497 shares of the aerospace company's stock after buying an additional 4,152 shares during the period. ORG Partners LLC's holdings in Hexcel were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HXL. Beverly Hills Private Wealth LLC increased its holdings in shares of Hexcel by 4.0% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after acquiring an additional 207 shares in the last quarter. Retirement Systems of Alabama increased its stake in Hexcel by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock valued at $5,407,000 after purchasing an additional 255 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Hexcel by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company's stock valued at $520,000 after purchasing an additional 260 shares in the last quarter. Aviso Financial Inc. increased its stake in Hexcel by 1.9% during the 1st quarter. Aviso Financial Inc. now owns 13,830 shares of the aerospace company's stock valued at $757,000 after purchasing an additional 260 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Hexcel by 0.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company's stock valued at $2,226,000 after acquiring an additional 354 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hexcel

In related news, insider Thierry Merlot sold 8,897 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the sale, the insider owned 51,308 shares of the company's stock, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of Hexcel 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 owned 4,283 shares in the company, valued at approximately $278,395. This trade represents a 17.54% decrease in their position. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by insiders.

Hexcel Stock Up 3.9%

HXL stock opened at $63.43 on Monday. The firm has a market cap of $5.05 billion, a PE ratio of 58.74, a P/E/G ratio of 2.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The firm's fifty day moving average is $62.15 and its 200 day moving average is $56.99. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 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 last year, the business earned $0.60 earnings per share. The firm'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. On average, research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Hexcel

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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