KBC Group NV Sells 1,174 Shares of Hexcel Corporation $HXL

KBC Group NV cut its position in Hexcel Corporation (NYSE:HXL) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,394 shares of the aerospace company’s stock after selling 1,174 shares during the quarter. KBC Group NV’s holdings in Hexcel were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HXL. Trust Co. of Toledo NA OH acquired a new stake in Hexcel in the second quarter valued at $26,000. NewSquare Capital LLC raised its holdings in shares of Hexcel by 379.0% in the 2nd 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 period. Park Place Capital Corp lifted its stake in Hexcel by 65.1% in the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 196 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Hexcel during the second quarter worth about $28,000. Finally, Parkside Financial Bank & Trust increased its position in Hexcel by 325.0% during the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after buying an additional 377 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Down 1.2%

HXL opened at $70.37 on Friday. The stock has a fifty day moving average of $66.14 and a 200-day moving average of $60.90. The company has a market capitalization of $5.60 billion, a P/E ratio of 82.79, a P/E/G ratio of 2.36 and a beta of 1.35. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $74.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75.

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

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were issued 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 dividend yield of 1.0%. Hexcel’s dividend payout ratio (DPR) is currently 80.00%.

Insider Buying and Selling at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of Hexcel 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 directly owned 51,308 shares in the company, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lyndon John Smith sold 2,077 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total value of $151,662.54. Following the sale, the insider directly owned 8,426 shares in the company, valued at $615,266.52. This represents a 19.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,298 shares of company stock valued at $1,029,349 over the last ninety days. Company insiders own 2.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Morgan Stanley set a $67.00 price target on Hexcel and gave the company an “underweight” rating in a research note on Wednesday, October 29th. Cowen reaffirmed a “hold” rating on shares of Hexcel in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $65.00 price objective on shares of Hexcel in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. Three 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.33.

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.