Raymond James Financial Inc. Has $5.98 Million Stock Position in Hexcel Corporation $HXL

Key Points

• Raymond James Financial Inc. reduced its stake in Hexcel Corporation by 3.5% in Q1, holding 109,136 shares worth approximately $5.98 million following the sale of 3,966 shares.
• Hexcel has seen substantial increases in holdings from several institutional investors, with Farther Finance Advisors LLC raising their stake by 71.2% and MassMutual Private Wealth & Trust FSB increasing theirs by 698.6%.
• Equities research analysts have set a new average target price for Hexcel at $65.00, with BMO Capital Markets raising their target from $52.00 to $67.00 and UBS Group upgrading their rating from "neutral" to "buy."

Raymond James Financial Inc. decreased its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,136 shares of the aerospace company's stock after selling 3,966 shares during the period. Raymond James Financial Inc. owned approximately 0.14% of Hexcel worth $5,976,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HXL. Massachusetts Financial Services Co. MA lifted its stake in Hexcel by 0.9% during the first 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 during the last quarter. American Century Companies Inc. increased its holdings in Hexcel by 13.0% during the 1st quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company's stock worth $74,153,000 after purchasing an additional 155,999 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Hexcel by 6.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,330,380 shares of the aerospace company's stock worth $83,415,000 after acquiring an additional 86,435 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Hexcel by 416.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock worth $63,877,000 after purchasing an additional 940,839 shares during the period. Finally, Northern Trust Corp raised its position in shares of Hexcel by 15.3% during the fourth quarter. Northern Trust Corp now owns 1,031,027 shares of the aerospace company's stock worth $64,645,000 after purchasing an additional 136,871 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research raised Hexcel from a "strong sell" rating to a "hold" rating in a report on Thursday. Royal Bank Of Canada restated 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. BMO Capital Markets lifted their target price on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and upped their price target for the company from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Finally, Morgan Stanley boosted their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Hexcel has an average rating of "Hold" and an average target price of $65.00.

Hexcel Stock Down 1.0%

Hexcel stock traded down $0.65 during midday trading on Monday, hitting $64.23. The stock had a trading volume of 352,974 shares, compared to its average volume of 1,154,936. The business has a fifty day moving average price of $60.99 and a 200 day moving average price of $56.73. The stock has a market cap of $5.11 billion, a P/E ratio of 59.39, a P/E/G ratio of 2.06 and a beta of 1.38. 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.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. The firm had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Research analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The business 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. The ex-dividend date was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel's payout ratio is 62.96%.

Insider Activity

In other Hexcel news, insider Gina Fitzsimons sold 911 shares of the company's stock in a transaction dated 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 in the company, 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 SEC, which is available through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $63.86, for a total value of $568,162.42. Following the sale, the insider directly owned 51,308 shares in the company, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.03% 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.