Hsbc Holdings PLC Decreases Stock Position in Hexcel Corporation $HXL

Key Points

• Hsbc Holdings PLC sold 19,015 shares of Hexcel Corporation, reducing its stake by 46.5% to 21,852 shares, valued at approximately $1.2 million.
• Hexcel's stock has seen various analysts adjust their price targets, with BMO Capital Markets raising it from $52 to $67, reflecting a generally positive outlook on the company's performance.
• The company announced a quarterly dividend of $0.17, representing an annual yield of 1.1%, which will contribute to its continued appeal among income-focused investors.

Hsbc Holdings PLC decreased its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 46.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,852 shares of the aerospace company's stock after selling 19,015 shares during the quarter. Hsbc Holdings PLC's holdings in Hexcel were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Hexcel during the 1st quarter valued at $61,000. Brooklyn Investment Group grew its holdings in Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock valued at $64,000 after buying an additional 887 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after buying an additional 499 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Hexcel by 413.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock valued at $84,000 after buying an additional 1,237 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Hexcel by 95.3% in the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock worth $126,000 after buying an additional 1,125 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Price Performance

Shares of Hexcel stock traded up $0.27 on Thursday, hitting $64.15. 691,435 shares of the company traded hands, compared to its average volume of 791,411. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The company has a market cap of $5.10 billion, a P/E ratio of 59.39, a P/E/G ratio of 2.12 and a beta of 1.38. The firm's 50-day simple moving average is $60.83 and its 200 day simple moving average is $56.85.

Hexcel (NYSE:HXL - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $482.20 million. During the same quarter in the prior year, the firm 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. Analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Hexcel's dividend payout ratio is 62.96%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley boosted their price objective 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. UBS Group raised shares of Hexcel from a "neutral" rating to a "buy" rating and raised their price target for the company from $65.00 to $80.00 in a report on Tuesday. 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, BMO Capital Markets increased their price objective on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.00.

Insider Transactions at Hexcel

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 completion of the sale, the insider owned 4,283 shares of the company's stock, valued at $278,395. This represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thierry Merlot sold 8,897 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the transaction, the insider owned 51,308 shares in the company, valued at $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

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.