UMB Bank n.a. Sells 14,402 Shares of Hexcel Corporation $HXL

Key Points

• UMB Bank n.a. significantly cut its position in Hexcel Corporation by 94.2%, reducing its holdings to 890 shares after selling 14,402 shares in Q2, now valued at approximately $50,000.
• Hexcel's stock recently saw a 3.9% increase, with a current trading price of $63.43 and a market cap of $5.05 billion.
• The company announced a quarterly dividend of $0.17 per share, reflecting an annualized dividend yield of 1.1% and a payout ratio of 62.96%.

UMB Bank n.a. reduced its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 94.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 890 shares of the aerospace company's stock after selling 14,402 shares during the period. UMB Bank n.a.'s holdings in Hexcel were worth $50,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Hexcel during the 2nd quarter worth $55,000. Harbor Capital Advisors Inc. grew its position in Hexcel by 1.7% in the second quarter. Harbor Capital Advisors Inc. now owns 26,478 shares of the aerospace company's stock valued at $1,496,000 after acquiring an additional 455 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Hexcel by 38.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,252 shares of the aerospace company's stock worth $184,000 after acquiring an additional 896 shares in the last quarter. Kopion Asset Management LLC lifted its holdings in shares of Hexcel by 17.7% in the second quarter. Kopion Asset Management LLC now owns 103,776 shares of the aerospace company's stock worth $5,862,000 after acquiring an additional 15,597 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Hexcel by 206.9% in the 1st quarter. Voya Investment Management LLC now owns 109,190 shares of the aerospace company's stock valued at $5,979,000 after purchasing an additional 73,615 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Up 3.9%

Hexcel stock opened at $63.43 on Friday. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 1.94 and a beta of 1.38. 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. The firm has a 50 day moving average price of $62.15 and a two-hundred day moving average price of $56.98.

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

Hexcel Dividend Announcement

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

Insider Activity

In related news, insider Gina Fitzsimons sold 911 shares of the firm'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 transaction 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 trade represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the sale, the insider owned 51,308 shares of the company's stock, valued at approximately $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. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HXL has been the subject of a number of research analyst reports. UBS Group upgraded shares of Hexcel from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Morgan Stanley increased their price target on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. 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 upped their target price on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Finally, Zacks Research raised Hexcel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.00.

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.

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