LPL Financial LLC Has $1.27 Million Stake in Hexcel Corporation $HXL

Key Points

• LPL Financial LLC reduced its holdings in Hexcel Corporation (NYSE:HXL) by 90.3%, owning 23,203 shares after selling 215,857 shares in the first quarter.
• Hexcel's recent earnings report showed a net margin of 4.69% and $489.90 million in revenue, slightly above analysts' expectations, but down 2.1% compared to the previous year.
• Analysts have varying price targets for Hexcel, with Royal Bank Of Canada raising its target to $70.00 and BMO Capital Markets setting a target at $67.00.

LPL Financial LLC trimmed its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 90.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,203 shares of the aerospace company's stock after selling 215,857 shares during the quarter. LPL Financial LLC's holdings in Hexcel were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Beverly Hills Private Wealth LLC lifted its holdings in shares of Hexcel by 4.0% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after buying an additional 207 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Hexcel by 5.0% in the 4th quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock valued at $310,000 after acquiring an additional 236 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Hexcel by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock valued at $5,407,000 after acquiring an additional 255 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Hexcel by 2.8% in 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 acquiring an additional 260 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake 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 in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of HXL traded up $0.06 on Thursday, reaching $63.67. 349,473 shares of the stock traded hands, compared to its average volume of 1,165,170. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 58.96, a P/E/G ratio of 2.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $71.05. The stock's 50-day moving average price is $59.79 and its 200-day moving average price is $56.92.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.04. The business had revenue of $489.90 million for the quarter, compared to analysts' expectations of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.Hexcel's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Equities analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.17 dividend. 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 currently 62.96%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. 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 research note on Monday, July 28th. UBS Group raised their price objective on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley lifted their price target on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Finally, BMO Capital Markets lifted their price target on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hexcel has a consensus rating of "Hold" and a consensus target price of $63.33.

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.