Cetera Investment Advisers Sells 7,909 Shares of Hexcel Corporation $HXL

Key Points

• Cetera Investment Advisers reduced its stake in Hexcel Corporation by 39.6%, ending the first quarter with 12,052 shares valued at approximately $660,000.
• Analysts have varied views on Hexcel, with eight hold ratings, two buy ratings, and one sell rating, as the consensus rating remains a "Hold" with an average target price of $63.33.
• Hexcel reported quarterly earnings that surpassed expectations, with an EPS of $0.50 and quarterly revenue of $489.90 million, despite a 2.1% decline year-over-year.

Cetera Investment Advisers reduced its holdings in Hexcel Corporation (NYSE:HXL - Free Report) by 39.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,052 shares of the aerospace company's stock after selling 7,909 shares during the period. Cetera Investment Advisers' holdings in Hexcel were worth $660,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Earnest Partners LLC raised its stake in shares of Hexcel by 0.8% during the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after purchasing an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Hexcel by 4,372.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock worth $156,919,000 after purchasing an additional 2,446,716 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Hexcel by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company's stock worth $110,280,000 after purchasing an additional 17,512 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hexcel by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock worth $90,104,000 after purchasing an additional 24,393 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Hexcel by 6.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,330,380 shares of the aerospace company's stock valued at $83,415,000 after acquiring an additional 86,435 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating and set a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. BMO Capital Markets increased their price objective on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Finally, Truist Financial lowered their price objective on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $63.33.

Hexcel Stock Performance

Shares of Hexcel stock traded down $0.3950 during midday trading on Wednesday, hitting $60.7650. The company had a trading volume of 900,700 shares, compared to its average volume of 1,132,446. The business's 50 day simple moving average is $58.97 and its two-hundred day simple moving average is $56.97. The stock has a market cap of $4.83 billion, a PE ratio of 56.26, a P/E/G ratio of 2.03 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 1-year low of $45.28 and a 1-year high of $71.05.

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 analysts' consensus estimates of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The business had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. During the same period in the prior year, the company posted $0.60 earnings per share. Hexcel'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. As a group, equities analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.17 dividend. The ex-dividend date 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 62.96%.

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.