Squarepoint Ops LLC Cuts Stock Position in Hexcel Corporation $HXL

Squarepoint Ops LLC decreased its stake in Hexcel Corporation (NYSE:HXL) by 30.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,000 shares of the aerospace company’s stock after selling 43,288 shares during the quarter. Squarepoint Ops LLC owned approximately 0.12% of Hexcel worth $5,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Co. of Toledo NA OH purchased a new position in shares of Hexcel in the second quarter worth about $26,000. NewSquare Capital LLC lifted its stake in Hexcel by 379.0% in the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 379 shares in the last quarter. Park Place Capital Corp boosted its holdings 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. Hantz Financial Services Inc. purchased a new stake in shares of Hexcel in the second quarter valued at approximately $28,000. Finally, Parkside Financial Bank & Trust increased its holdings 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 purchasing an additional 377 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Performance

Shares of HXL stock opened at $73.17 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75. The firm has a market cap of $5.82 billion, a P/E ratio of 86.08, a P/E/G ratio of 2.54 and a beta of 1.06. Hexcel Corporation has a one year low of $45.28 and a one year high of $79.20. The firm’s 50 day moving average price is $70.24 and its 200-day moving average price is $63.59.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The company had revenue of $456.20 million during the quarter, compared to analyst estimates of $449.99 million. During the same period in the prior year, the business earned $0.47 EPS. Hexcel’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. As a group, equities research analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

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

Insider Buying and Selling at Hexcel

In related news, insider Lyndon John Smith sold 2,077 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the sale, the insider owned 8,426 shares in the company, valued at $615,266.52. The trade was a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total transaction of $250,309.42. Following the sale, the executive vice president owned 40,357 shares of the company’s stock, valued at $2,959,782.38. This represents a 7.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on HXL shares. Truist Financial boosted their price objective on Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Cowen reissued a “hold” rating on shares of Hexcel in a report on Friday, October 24th. Morgan Stanley set a $67.00 target price on shares of Hexcel and gave the stock an “underweight” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Finally, BMO Capital Markets upped their price objective on Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.33.

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.