Hexcel Corporation $HXL Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC reduced its stake in Hexcel Corporation by 8.5%, selling 96,325 shares, bringing their total holdings to 1,038,683 shares valued at approximately $58.7 million.
• Hexcel reported $0.50 EPS for the last quarter, exceeding the consensus estimate and marking a revenue of $489.9 million, although this was a 2.1% decrease from the previous year.
• The company's quarterly dividend was recently announced at $0.17, representing an annual yield of 1.1%, with a payout ratio of 62.96%.

Copeland Capital Management LLC lowered its position in Hexcel Corporation (NYSE:HXL - Free Report) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,038,683 shares of the aerospace company's stock after selling 96,325 shares during the quarter. Copeland Capital Management LLC owned 1.29% of Hexcel worth $58,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HXL. TimesSquare Capital Management LLC raised 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 buying an additional 940,839 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Hexcel by 32.4% during the 1st 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. Jennison Associates LLC lifted its holdings in shares of Hexcel by 10,767.3% in the 1st quarter. Jennison Associates LLC now owns 392,091 shares of the aerospace company's stock worth $21,471,000 after purchasing an additional 388,483 shares during the last quarter. Nuveen LLC acquired a new position in shares of Hexcel during the first quarter valued at $13,929,000. Finally, Citigroup Inc. boosted its stake in Hexcel by 214.3% during the 1st 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 period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Up 0.1%

NYSE:HXL opened at $64.04 on Friday. The stock's fifty day moving average price is $62.28 and its two-hundred day moving average price is $57.17. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 59.29, a P/E/G ratio of 2.03 and a beta of 1.33. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $71.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69.

Hexcel (NYSE:HXL - Get Free Report) last issued its 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. The company had revenue of $489.90 million during the quarter, compared to analysts' expectations of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. On average, analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is currently 62.96%.

Insider Buying and Selling

In other Hexcel news, insider Gina Fitzsimons sold 911 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the sale, the insider 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 Securities & Exchange Commission, which is available at this link. Also, insider Thierry Merlot sold 8,897 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the sale, the insider owned 51,308 shares of the company's stock, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HXL has been the topic of several research analyst reports. Zacks Research upgraded Hexcel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. UBS Group raised shares of Hexcel from a "neutral" rating to a "buy" rating and boosted their target price for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 price target (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. Morgan Stanley boosted their target price on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets raised their price target on shares of Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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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