Beverly Hills Private Wealth LLC Has $272,000 Holdings in Hexcel Corporation $HXL

Beverly Hills Private Wealth LLC lessened its stake in shares of Hexcel Corporation (NYSE:HXL) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,819 shares of the aerospace company’s stock after selling 504 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Hexcel were worth $272,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in Hexcel during the second quarter worth approximately $26,000. Park Place Capital Corp lifted its stake in shares of Hexcel by 65.1% in the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after buying an additional 196 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 worth $42,000 after buying an additional 441 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in Hexcel in the 2nd quarter valued at $55,000. Finally, Brooklyn Investment Group raised its holdings in Hexcel by 320.2% in the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock worth $64,000 after acquiring an additional 887 shares during the period. 95.47% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Thierry Merlot sold 8,897 shares of the company’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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction dated 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 transaction, the insider directly owned 4,283 shares of the company’s stock, valued at $278,395. This trade represents a 17.54% decrease in their position. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HXL shares. Truist Financial upped their price target on shares of Hexcel from $67.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Morgan Stanley boosted their price objective on Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Finally, UBS Group raised Hexcel from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.63.

Hexcel Price Performance

Shares of HXL stock opened at $64.20 on Wednesday. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $71.05. The company has a market capitalization of $5.11 billion, a P/E ratio of 59.45, a P/E/G ratio of 1.99 and a beta of 1.33. The stock has a 50 day moving average of $62.97 and a two-hundred day moving average of $57.87. 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) last issued its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.Hexcel’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, equities analysts expect 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 issued a dividend of $0.17 per share. 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 dividend payout ratio (DPR) is presently 62.96%.

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.