US Bancorp DE Increases Stake in Hexcel Corporation $HXL

Key Points

• US Bancorp DE increased its stake in Hexcel Corporation by 19.0% in the second quarter, now owning approximately 47,063 shares valued at $2,659,000.
• Hexcel's stock received various ratings upgrades from analysts, with UBS Group raising their price target to $80.00 and Zacks Research upgrading the stock from a "strong sell" to a "hold."
• The company declared a quarterly dividend of $0.17, representing an annual yield of 1.1%, with a dividend payout ratio of 62.96%.

US Bancorp DE raised its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 19.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,063 shares of the aerospace company's stock after buying an additional 7,513 shares during the quarter. US Bancorp DE owned about 0.06% of Hexcel worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HXL. Park Place Capital Corp boosted its position in shares of Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 196 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 441 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Hexcel during the 2nd quarter valued at approximately $55,000. Brooklyn Investment Group boosted its position in shares of 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 acquiring an additional 887 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after acquiring an additional 499 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hexcel news, insider Gina Fitzsimons sold 911 shares of the stock in a transaction 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 sale, the insider owned 4,283 shares in the company, 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 this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of Hexcel 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 completion of the sale, the insider owned 51,308 shares of the company's stock, 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 2.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HXL. Zacks Research upgraded Hexcel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. Morgan Stanley increased their target price on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Weiss Ratings restated a "hold (c)" rating on shares of Hexcel in a research report on Wednesday, October 8th. Finally, UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and raised their price target for the stock from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average target price of $65.63.

Hexcel Stock Performance

HXL stock opened at $62.45 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The business's fifty day simple moving average is $62.81 and its two-hundred day simple moving average is $57.54. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 57.82, a PEG ratio of 1.96 and a beta of 1.33.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, topping 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 analyst estimates of $482.20 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 1.1%. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.