Envestnet Portfolio Solutions Inc. Lowers Stake in Hexcel Corporation $HXL

Envestnet Portfolio Solutions Inc. cut its position in shares of Hexcel Corporation (NYSE:HXL) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,705 shares of the aerospace company’s stock after selling 1,367 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Hexcel were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HXL. Trust Co. of Toledo NA OH purchased a new stake in Hexcel in the second quarter valued at approximately $26,000. Park Place Capital Corp lifted its position in shares of Hexcel by 65.1% during the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hexcel by 138.7% during the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 441 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Hexcel during the second quarter worth $55,000. Finally, Brooklyn Investment Group lifted its position in shares of Hexcel by 320.2% during the first quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock worth $64,000 after purchasing an additional 887 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hexcel

In related news, insider Gina Fitzsimons sold 911 shares of the business’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 value of $59,215.00. Following the completion of the transaction, the insider directly owned 4,283 shares in the company, valued at approximately $278,395. The trade was a 17.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $3,276,528.88. The trade was a 14.78% decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HXL has been the topic of several recent analyst reports. Citigroup reaffirmed a “reduce” rating on shares of Hexcel in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $65.00 price objective on shares of Hexcel in a research note on Wednesday, October 8th. BMO Capital Markets increased their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Truist Financial raised their price objective on shares of Hexcel from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price target (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Hexcel presently has an average rating of “Hold” and an average price target of $66.63.

Hexcel Stock Up 11.2%

Shares of NYSE HXL opened at $70.85 on Friday. The business has a fifty day moving average of $63.14 and a two-hundred day moving average of $58.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $74.35. The stock has a market cap of $5.64 billion, a PE ratio of 83.36, a PEG ratio of 2.01 and a beta of 1.33.

Hexcel (NYSE:HXL) last released 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). The business had revenue of $456.20 million during the quarter, compared to the consensus estimate of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.29%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, equities research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 3rd. Hexcel’s payout ratio 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.