Kingsview Wealth Management LLC Makes New Investment in Hexcel Corporation $HXL

Kingsview Wealth Management LLC bought a new stake in Hexcel Corporation (NYSE:HXL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,904 shares of the aerospace company’s stock, valued at approximately $2,593,000. Kingsview Wealth Management LLC owned about 0.06% of Hexcel at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HXL. Trust Co. of Toledo NA OH bought a new stake in shares of Hexcel in the second quarter worth about $26,000. NewSquare Capital LLC boosted its position in Hexcel by 379.0% during the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 379 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Hexcel by 325.0% in the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock valued at $28,000 after buying an additional 377 shares in the last quarter. Park Place Capital Corp increased its stake 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 worth $28,000 after purchasing an additional 196 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in Hexcel during the second quarter worth approximately $28,000. Institutional investors own 95.47% of the company’s stock.

Insider Transactions at Hexcel

In other news, 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 transaction of $568,162.42. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the transaction, the insider owned 4,283 shares of the company’s stock, valued at approximately $278,395. The trade was a 17.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,298 shares of company stock worth $1,029,349. 2.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on HXL shares. Cowen reissued a “hold” rating on shares of Hexcel in a report on Friday, October 24th. BMO Capital Markets increased their price objective on shares of Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Royal Bank Of Canada lifted their price target on Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Truist Financial upped their price objective on shares of Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.33.

Hexcel Stock Up 2.7%

Shares of NYSE:HXL opened at $71.81 on Wednesday. The business’s 50 day moving average is $65.80 and its 200 day moving average is $60.76. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 84.48, a PEG ratio of 2.36 and a beta of 1.35. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $74.35.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The business had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $449.99 million. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, sell-side analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.68 annualized dividend and a yield of 0.9%. Hexcel’s payout ratio is 80.00%.

Hexcel Company 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.